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MiTAC Holdings First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
MiTAC Holdings (TWSE:3706) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$9.65b (up 7.0% from 1Q 2023).
- Net income: NT$691.8m (up 354% from 1Q 2023).
- Profit margin: 7.2% (up from 1.7% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$0.57 (up from NT$0.13 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MiTAC Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 63%.
The company's shares are up 2.1% from a week ago.
Risk Analysis
Be aware that MiTAC Holdings is showing 3 warning signs in our investment analysis that you should know about...
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About TWSE:3706
MiTAC Holdings
Designs, develops, manufactures, and distributes computers and ancillary equipment, and communication related products in Taiwan, Europe, the United States, and internationally.
Flawless balance sheet average dividend payer.