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Chenbro Micom First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Chenbro Micom (TWSE:8210) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$2.77b (up 68% from 1Q 2023).
- Net income: NT$364.9m (up by NT$337.2m from 1Q 2023).
- Profit margin: 13% (up from 1.7% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$3.03 (up from NT$0.23 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chenbro Micom EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 3.6%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan.
Performance of the Taiwanese Tech industry.
The company's shares are up 2.7% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Chenbro Micom that you should be aware of.
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About TWSE:8210
Chenbro Micom
Engages in the research and development, design, manufacture, processing, and trading of computer peripheral equipment.
Outstanding track record with excellent balance sheet.