Chenbro Micom Third Quarter 2024 Earnings: EPS Beats Expectations

Chenbro Micom (TWSE:8210) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$4.27b (up 81% from 3Q 2023).
• Net income: NT$643.8m (up 157% from 3Q 2023).
• Profit margin: 15% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$5.34 (up from NT$2.08 in 3Q 2023).

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

Chenbro Micom EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan.

Performance of the Taiwanese Tech industry.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Chenbro Micom's balance sheet.

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