Delta Electronics Third Quarter 2024 Earnings: Misses Expectations

Delta Electronics (TWSE:2308) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$112.2b (up 4.1% from 3Q 2023).
• Net income: NT$12.3b (up 32% from 3Q 2023).
• Profit margin: 11% (up from 8.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$4.75 (up from NT$3.60 in 3Q 2023).

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

Delta Electronics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are up 2.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Delta Electronics' balance sheet.

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