trending Market Intelligence /marketintelligence/en/news-insights/trending/h7K_x9532yl_AWnK40MpkQ2 content esgSubNav
In This List

Hu Lane Associate profit misses consensus by 20.7% in Q3

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Hu Lane Associate profit misses consensus by 20.7% in Q3

Hu Lane Associate Inc. said its third-quarter normalized net income came to NT$1.61 per share, compared with the S&P Capital IQ consensus estimate of NT$2.02 per share.

EPS climbed 12.0% year over year from NT$1.43.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$156.5 million, a gain of 11.9% from NT$139.8 million in the year-earlier period.

The normalized profit margin fell to 17.1% from 18.8% in the year-earlier period.

Total revenue increased 22.9% on an annual basis to NT$913.5 million from NT$743.5 million, and total operating expenses increased from the prior-year period to NT$605.9 million from NT$590.0 million.

Reported net income grew from the prior-year period to NT$203.6 million, or NT$2.09 per share, from NT$196.9 million, or NT$2.02 per share.

As of Nov. 14, US$1 was equivalent to NT$31.98.