VOXX International (NASDAQ:VOXX) Third Quarter 2023 Results
Key Financial Results
Revenue: US$143.1m (down 25% from 3Q 2022).
Net income: US$7.42m (up from US$28.1m loss in 3Q 2022).
Profit margin: 5.2% (up from net loss in 3Q 2022).
EPS: US$0.30 (up from US$1.16 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
VOXX International EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 186%.
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Consumer Durables industry in the US.
The company's shares are up 15% from a week ago.
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with VOXX International, and understanding it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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