Samsonite International Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-15 06:00

Samsonite International (HKG:1910) Third Quarter 2024 ResultsKey Financial Results Revenue: US$877.7m (down 8.4% from 3Q 2023). Net income: US$66.2m (down 43% from 3Q 2023). Profit margin: 7.5% (down ...

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Net income: US$66.2m (down 43% from 3Q 2023). Profit margin: 7.5% (down ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/consumer-durables/hkg-1910/samsonite-international-shares/news/samsonite-international-third-quarter-2024-earnings-misses-e\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01910","symbol_name":"新秀丽","start_time":0,"source_url":"https://simplywall.st/stocks/hk/consumer-durables/hkg-1910/samsonite-international-shares/news/samsonite-international-third-quarter-2024-earnings-misses-e","article_id":"2483641013","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/4131000-choice1-main-header/1585186707756"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483641013","pubTimestamp":1731621633,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Samsonite International ( HKG:1910 ) Third Quarter 2024 Results Key Financial Results Revenue: US$877.7m (down 8.4...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"01910":"新秀丽"},"translate_title":"新秀丽国际2024年第三季度盈利：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01910":1},"content_text":"Samsonite International (HKG:1910) Third Quarter 2024 ResultsKey Financial Results Revenue: US$877.7m (down 8.4% from 3Q 2023). Net income: US$66.2m (down 43% from 3Q 2023). Profit margin: 7.5% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. EPS: US$0.046 (down from US$0.08 in 3Q 2023).  SEHK:1910 Earnings and Revenue Growth November 14th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Samsonite International Revenues and Earnings Miss Expectations  Revenue missed analyst estimates by 4.6%.  Earnings per share (EPS) also missed analyst estimates by 19%.      Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Luxury industry in Hong Kong.    Performance of the Hong Kong Luxury industry.  The company's shares are up 1.5% from a week ago.   Risk Analysis Be aware that  Samsonite International is showing  2 warning signs in our investment analysis that you should know about... New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave 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. 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