Nidec Chaun-Choung Technology Third Quarter 2024 Earnings: Misses Expectations

Nidec Chaun-Choung Technology (TWSE:6230) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$2.14b (down 25% from 3Q 2023).
• Net loss: NT$31.8m (down by 117% from NT$186.4m profit in 3Q 2023).
• NT$0.37 loss per share (down from NT$2.16 profit in 3Q 2023).

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

Nidec Chaun-Choung Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Nidec Chaun-Choung Technology you should be aware of.

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