Unimicron Technology First Quarter 2024 Earnings: Beats Expectations

Unimicron Technology (TWSE:3037) First Quarter 2024 Results

Key Financial Results

• Revenue: NT$26.4b (flat on 1Q 2023).
• Net income: NT$2.43b (down 41% from 1Q 2023).
• Profit margin: 9.2% (down from 15% in 1Q 2023).
• EPS: NT$1.60 (down from NT$2.69 in 1Q 2023).

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

Unimicron Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are up 7.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Unimicron Technology you should be aware of, and 1 of them is a bit unpleasant.

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