Taiwan Surface Mounting Technology (TWSE:6278) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$10.9b (up 16% from 1Q 2023).
- Net income: NT$681.3m (up 139% from 1Q 2023).
- Profit margin: 6.2% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$2.33 (up from NT$0.97 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Taiwan Surface Mounting Technology Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 50%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan.
Performance of the Taiwanese Electronic industry.
The company’s shares are up 9.4% from a week ago.
Risk Analysis
Before we wrap up, we’ve discovered 1 warning sign for Taiwan Surface Mounting Technology that you should be aware of.
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