Arcadyan Technology Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Arcadyan Technology (TWSE:3596) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$12.2b (down 12% from 3Q 2023).
• Net income: NT$657.7m (down 4.4% from 3Q 2023).
• Profit margin: 5.4% (up from 5.0% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: NT$2.98 (down from NT$3.12 in 3Q 2023).

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

Arcadyan Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan.

Performance of the Taiwanese Communications industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Arcadyan Technology that you need to be mindful of.

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