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Actron Technology profit misses consensus by 32.1% in Q1

Actron Technology Corp. said its normalized net income for the first quarter was NT$1.47 per share, compared with the S&P Capital IQ consensus estimate of NT$2.16 per share.

EPS rose 5.1% year over year from NT$1.39.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$110.6 million, an increase of 5.5% from NT$104.8 million in the year-earlier period.

The normalized profit margin rose to 12.1% from 11.7% in the year-earlier period.

Total revenue grew year over year to NT$910.8 million from NT$897.6 million, and total operating expenses decreased year over year to NT$708.3 million from NT$716.0 million.

Reported net income grew on an annual basis to NT$144.1 million, or NT$1.91 per share, from NT$139.8 million, or NT$1.86 per share.

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