Primax Electronics Third Quarter 2024 Earnings: EPS Beats Expectations

Primax Electronics (TWSE:4915) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$16.0b (up 1.8% from 3Q 2023).
• Net income: NT$772.9m (up 4.9% from 3Q 2023).
• Profit margin: 4.8% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$1.70 (up from NT$1.63 in 3Q 2023).

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

Primax Electronics EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 7.0% 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

Primax Electronics' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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