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Cub Elecparts profit misses consensus by 25.2% in Q1

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Cub Elecparts profit misses consensus by 25.2% in Q1

Cub Elecparts Inc. said its normalized net income for the first quarter was NT$1.80 per share, compared with the S&P Capital IQ consensus estimate of NT$2.41 per share.

EPS climbed 76.0% year over year from NT$1.02.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$182.5 million, an increase of 76.4% from NT$103.4 million in the year-earlier period.

The normalized profit margin increased to 27.7% from 23.3% in the year-earlier period.

Total revenue rose 48.9% year over year to NT$659.8 million from NT$443.1 million, and total operating expenses rose 25.3% year over year to NT$362.9 million from NT$289.6 million.

Reported net income increased 81.1% year over year to NT$258.0 million, or NT$2.55 per share, from NT$142.4 million, or NT$1.41 per share.

As of May 8, US$1 was equivalent to NT$30.70.