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Tung Thih Electronic profit misses consensus by 15.7% in Q1

Tung Thih Electronic Co. Ltd. said its first-quarter normalized net income amounted to NT$4.23 per share, compared with the S&P Capital IQ consensus estimate of NT$5.02 per share.

EPS rose year over year from NT$1.29.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$361.7 million, an increase from NT$109.3 million in the prior-year period.

The normalized profit margin rose to 12.4% from 7.6% in the year-earlier period.

Total revenue increased year over year to NT$2.92 billion from NT$1.43 billion, and total operating expenses increased 89.5% year over year to NT$2.33 billion from NT$1.23 billion.

Reported net income increased from the prior-year period to NT$423.8 million, or NT$4.96 per share, from NT$119.1 million, or NT$1.40 per share.

As of May 13, US$1 was equivalent to NT$32.68.