Thinking Electronic Industrial Third Quarter 2024 Earnings: Misses Expectations

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

Key Financial Results

• Revenue: NT$1.98b (up 12% from 3Q 2023).
• Net income: NT$378.6m (up 14% from 3Q 2023).
• Profit margin: 19% (in line with 3Q 2023).
• EPS: NT$2.96 (up from NT$2.60 in 3Q 2023).

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

Thinking Electronic Industrial Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 8.4%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are down 4.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Thinking Electronic Industrial's balance sheet health.

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