Compeq Manufacturing Third Quarter 2024 Earnings: Misses Expectations

Compeq Manufacturing (TWSE:2313) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$20.2b (up 3.1% from 3Q 2023).
• Net income: NT$1.80b (up 7.0% from 3Q 2023).
• Profit margin: 8.9% (up from 8.6% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$1.51 (up from NT$1.41 in 3Q 2023).

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

Compeq Manufacturing Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 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 3.2% from a week ago.

Risk Analysis

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

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