Hua Hong Semiconductor Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-12

Hua Hong Semiconductor (HKG:1347) Third Quarter 2024 ResultsKey Financial Results Revenue: US$526.3m (down 7.4% from 3Q 2023). Net income: US$44.8m (up 223% from 3Q 2023). Profit margin: 8.5% (up from...

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Net income: US$44.8m (up 223% from 3Q 2023). 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Net income: US$44.8m (up 223% from 3Q 2023). Profit margin: 8.5% (up from 2.4% in 3Q 2023). The increase in margin was driven by lower expenses. EPS: US$0.026 (up from US$0.009 in 3Q 2023).  SEHK:1347 Earnings and Revenue Growth November 12th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Hua Hong Semiconductor Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 2.7%.  Earnings per share (EPS) also surpassed analyst estimates by 52%.      Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Hong Kong.    Performance of the Hong Kong Semiconductor industry.  The company's shares are up 17% from a week ago.   Risk Analysis What about risks? Every company has them, and we've spotted   3 warning signs for Hua Hong Semiconductor   (of which 1 can't be ignored!) you should know about.  Valuation is complex, but we're here to simplify it.Discover if Hua Hong Semiconductor might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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