Chicony Electronics Third Quarter 2024 Earnings: EPS Misses Expectations

Chicony Electronics (TWSE:2385) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$27.7b (up 7.4% from 3Q 2023).
• Net loss: NT$10.9b (down from NT$2.12b profit in 3Q 2023).
• NT$14.92 loss per share (down from NT$2.94 profit in 3Q 2023).

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

Chicony Electronics EPS Misses Expectations

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

Looking ahead, revenue is forecast to grow 9.7% 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 shares are down 7.2% 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 Chicony Electronics' balance sheet health.

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