Far Eastern New Century: Earnings in the second quarter of 2024: Earnings per share exceed expectations
Far Eastern New Century (TWSE:1402) Q2 2024 results
Key financial results
- Sales: NT$67.5 billion (up 6.6% from Q2 2023).
- Net income: NT$3.44 billion (up 51% from Q2 2023).
- Profit margin: 5.1% (compared to 3.6% in Q2 2023). The increase in margin is due to higher sales.
- Earnings per share: NT$0.69 (compared to NT$0.46 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Far Eastern New Century’s earnings per share exceed expectations
Sales were in line with analysts’ estimates. Earnings per share (EPS) exceeded analysts’ estimates by 33%.
Average sales growth of 4.6% per annum is expected for the next three years. In the Asian industrial sector, however, growth of 7.2% is forecast.
Development of the market in Taiwan.
The company’s shares rose 5.3 percent compared to the previous week.
Risk analysis
Find out about the 1 warning sign we discovered it at Far Eastern New Century.
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