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Emerging Display Technologies Second Quarter 2024 Earnings: Misses Expectations
Emerging Display Technologies (TWSE:3038) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$938.9m (down 22% from 2Q 2023).
- Net income: NT$85.4m (down 33% from 2Q 2023).
- Profit margin: 9.1% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: NT$0.57 (down from NT$0.86 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Emerging Display Technologies Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 15%.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Emerging Display Technologies, and understanding it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TWSE:3038
Emerging Display Technologies
Produces and sells capacitive touch panels and liquid crystal displays (LCD) in Taiwan, Europe, the United States, and internationally.
Flawless balance sheet 6 star dividend payer.