Giantplus Technology Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Giantplus Technology (TWSE:8105) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$2.46b (up 14% from 3Q 2023).
• Net income: NT$10.9m (down 91% from 3Q 2023).
• Profit margin: 0.4% (down from 5.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.02 (down from NT$0.29 in 3Q 2023).

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

Giantplus Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 5.6% 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 1.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Giantplus Technology you should know about.

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