Accton Technology Full Year 2023 Earnings: EPS Misses Expectations

Accton Technology (TWSE:2345) Full Year 2023 Results

Key Financial Results

• Revenue: NT$84.2b (up 9.0% from FY 2022).
• Net income: NT$8.92b (up 9.2% from FY 2022).
• Profit margin: 11% (in line with FY 2022).
• EPS: NT$15.99 (up from NT$14.64 in FY 2022).

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

Accton Technology EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Communications industry in Taiwan.

Performance of the Taiwanese Communications industry.

The company's shares are down 2.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Accton Technology's balance sheet health.

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