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- TWSE:6271
Tong Hsing Electronic Industries Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Tong Hsing Electronic Industries (TWSE:6271) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$3.07b (up 7.9% from 2Q 2023).
- Net income: NT$440.7m (up by NT$428.3m from 2Q 2023).
- Profit margin: 14% (up from 0.4% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
- EPS: NT$2.11 (up from NT$0.059 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tong Hsing Electronic Industries EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan.
Performance of the Taiwanese Electronic industry.
The company's shares are down 4.3% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Tong Hsing Electronic Industries that you should be aware of before investing here.
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About TWSE:6271
Tong Hsing Electronic Industries
Develops and produces thick film substrates and customized semiconductor micro-module packaging products.
Excellent balance sheet and good value.