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Cub Elecparts profit misses consensus by 17.9% in Q3

Cub Elecparts Inc. said its normalized net income for the third quarter amounted to NT$2.40 per share, compared with the S&P Capital IQ consensus estimate of NT$2.93 per share.

EPS rose 74.8% year over year from NT$1.38.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$243.4 million, an increase of 74.9% from NT$139.2 million in the year-earlier period.

The normalized profit margin increased to 33.3% from 26.4% in the year-earlier period.

Total revenue climbed 38.8% year over year to NT$730.3 million from NT$526.2 million, and total operating expenses rose 28.1% from the prior-year period to NT$416.5 million from NT$325.2 million.

Reported net income increased 71.1% from the prior-year period to NT$335.7 million, or NT$3.31 per share, from NT$196.2 million, or NT$1.94 per share.

As of Nov. 11, US$1 was equivalent to NT$32.72.