ChipMOS TECHNOLOGIES Third Quarter 2024 Earnings: Misses Expectations

ChipMOS TECHNOLOGIES (TWSE:8150) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$6.07b (up 8.7% from 3Q 2023).
• Net income: NT$299.4m (down 48% from 3Q 2023).
• Profit margin: 4.9% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.41 (down from NT$0.80 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ChipMOS TECHNOLOGIES Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

Be aware that ChipMOS TECHNOLOGIES is showing 1 warning sign in our investment analysis that you should know about...

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