Lite-On Technology Third Quarter 2024 Earnings: Misses Expectations

Lite-On Technology (TWSE:2301) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$36.8b (down 8.0% from 3Q 2023).
• Net income: NT$3.39b (down 26% from 3Q 2023).
• Profit margin: 9.2% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$1.48 (down from NT$1.99 in 3Q 2023).

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

Lite-On Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan.

Performance of the Taiwanese Tech industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Lite-On Technology has 1 warning sign we think you should be aware of.

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