Nanya Technology (TWSE:2408) announced its financial results for the first quarter of 2024, reporting a revenue of NT$9.50 billion, which was a 48% increase from the first quarter of 2023. However, despite the positive growth in revenue, Nanya Technology’s earnings and revenue fell short of analyst estimates. Revenue missed estimates by 1.8%, and earnings per share missed estimates by 1.9%.
Looking ahead, the company is forecasting a 36% average annual revenue growth over the next three years, outperforming the Semiconductor industry in Taiwan, which is forecasted to grow at 15% annually. Despite this promising performance, investors should be aware of potential risks associated with Nanya Technology’s shares increasing by only 5.3% in the past week.
One warning sign that investors should consider is that Nanya Technology has been identified with one risk factor that could affect its performance in the future. To assess the valuation of Nanya Technology, comprehensive analyses are available that provide fair value estimates, risks, warnings, dividends, insider transactions, and financial health information. Feedback on the article can be directed to the editorial team by emailing editorial-team@simplywallst.com.
It is important to note that Simply Wall St provides unbiased information based on historical data and analyst forecasts but may not include recent company announcements or qualitative material. The analysis aims to help long-term investment decisions but does not constitute financial advice.
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