Thinking Electronic Industrial Second Quarter 2024 Earnings: Beats Expectations

Thinking Electronic Industrial (TWSE:2428) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.95b (up 7.3% from 2Q 2023).
• Net income: NT$437.6m (up 41% from 2Q 2023).
• Profit margin: 22% (up from 17% in 2Q 2023).
• EPS: NT$3.42 (up from NT$2.43 in 2Q 2023).

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

Thinking Electronic Industrial Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Thinking Electronic Industrial's balance sheet.

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