Inventec Third Quarter 2024 Earnings: EPS Misses Expectations

Inventec (TWSE:2356) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$163.8b (up 21% from 3Q 2023).
• Net income: NT$2.00b (up 6.7% from 3Q 2023).
• Profit margin: 1.2% (down from 1.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.56 (up from NT$0.52 in 3Q 2023).

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

Inventec EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 11% 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 share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Inventec (1 can't be ignored!) that you need to take into consideration.

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