SMIC Q3 profit jumps 58% but misses estimates

Reuters
07 Nov 2024
SMIC Q3 profit jumps 58% but misses estimates

BEIJING, Nov 7 (Reuters) - China's largest chipmaker Semiconductor Manufacturing International Corp 0981.HK reported its net profit increased 58.3% for the third quarter of 2024.

For the three months ended September, the company's net income was $148.8 million, compared with analysts' estimates of $199.71 million, according to LSEG data.

Revenue for the period came in at 2.17 billion, in line with market expectations of $2.2 billion.

(Reporting by Liam Mo and Brenda Goh)

((liam.mo@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10