Tripod Technology Third Quarter 2024 Earnings: Beats Expectations

Tripod Technology (TWSE:3044) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$17.7b (up 8.8% from 3Q 2023).
• Net income: NT$2.33b (up 8.7% from 3Q 2023).
• Profit margin: 13% (in line with 3Q 2023).
• EPS: NT$4.42 (up from NT$4.07 in 3Q 2023).

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

Tripod Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 14% 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.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Tripod Technology could be a good place to look. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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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.