Xiaomi Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-20 06:34

Xiaomi (HKG:1810) Third Quarter 2024 ResultsKey Financial Results Revenue: CN¥92.5b (up 31% from 3Q 2023). Net income: CN¥5.35b (up 9.8% from 3Q 2023). Profit margin: 5.8% (down from 6.9% in 3Q 2023)....

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Net income: CN¥5.35b (up 9.8% from 3Q 2023). 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Net income: CN¥5.35b (up 9.8% from 3Q 2023). Profit margin: 5.8% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses. EPS: CN¥0.22 (up from CN¥0.20 in 3Q 2023).  SEHK:1810 Earnings and Revenue Growth November 19th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Xiaomi Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 1.5%.  Earnings per share (EPS) also surpassed analyst estimates by 1.4%.      Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Tech industry in Asia.    Performance of the market in Hong Kong.  The company's share price is broadly unchanged from a week ago.   Balance Sheet Analysis Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet.  See our latest analysis on Xiaomi's balance sheet health. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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