Arch Meter Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Arch Meter (TWSE:4588) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$249.8m (down 25% from 2Q 2023).
• Net income: NT$55.3m (down 18% from 2Q 2023).
• Profit margin: 22% (up from 20% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: NT$1.29 (down from NT$1.73 in 2Q 2023).

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

Arch Meter EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 32%.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Arch Meter (2 are a bit concerning!) that you need to be mindful of.

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