Posiflex Technology Third Quarter 2024 Earnings: Beats Expectations

Posiflex Technology (TWSE:8114) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$3.60b (up 42% from 3Q 2023).
• Net income: NT$294.7m (up 77% from 3Q 2023).
• Profit margin: 8.2% (up from 6.5% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$3.51 (up from NT$2.20 in 3Q 2023).

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

Posiflex Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 14% 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 up 33% from a week ago.

Risk Analysis

Be aware that Posiflex Technology is showing 1 warning sign in our investment analysis that you should know about...

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