Tianma Microelectronics Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 00:28

Tianma Microelectronics (SZSE:000050) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥8.15b (down 1.8% from 2Q 2023).
  • Net loss: CN¥188.6m (loss narrowed by 75% from 2Q 2023).
  • CN¥0.077 loss per share (improved from CN¥0.31 loss in 2Q 2023).
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SZSE:000050 Earnings and Revenue Growth September 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tianma Microelectronics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 96%.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Tianma Microelectronics, and understanding it should be part of your investment process.