Acer Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Acer (TWSE:2353) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$67.1b (up 15% from 2Q 2023).
• Net income: NT$1.40b (flat on 2Q 2023).
• Profit margin: 2.1% (down from 2.4% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.47 (up from NT$0.46 in 2Q 2023).

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

Acer Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan.

Performance of the Taiwanese Tech industry.

The company's shares are down 6.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Acer that you need to be mindful of.

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