Posiflex Technology (TWSE:8114) Q2 2024 financial results
Key Financial Results
Revenue: NT$3.19 billion (up 25% from Q2 2023). Net profit: NT$240.8 million (up 77% from Q2 2023). Margin: 7.6% (up from 5.3% in Q2 2023). The increase in margin is due to increased revenue. EPS: NT$3.05 (up from NT$1.80 in Q2 2023). TWSE:8114 Revenue and Sales Growth August 17, 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Posiflex Technology Sales and Earnings Beat Expectations
Revenues beat analyst expectations by 5.6%. Earnings per share (EPS) also beat analysts' expectations by 1.8%.
Looking ahead, revenues are expected to grow an average of 13% over the next two years, while Taiwan's electronics industry is expected to grow 14%.
Performance of Taiwan's electronics industry.
The company's stock price is up 3.0% from a week ago.
Risk Analysis
Please note that Posiflex Technology is showing 2 warning signs in our investment analysis that you should be aware of…
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
