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Acer Reports Net Income for Q3 2022 at NT$1.88 Billion, for the Year to September at NT$5.84 Billion with EPS of NT$1.94
November 3, 2022
TAIPEI (November 3, 2022) Acer Inc. announced (TWSE: 2353) its financial results for the third quarter of 2022: consolidated revenue was NT$64.89 billion; gross profits ended at NT$6.56 billion with a margin of 10.1%; operating income was NT$829.61 million; and net income [1] NT$1.88 billion, up 8.8% from the previous quarter or down 37.8% year-on-year (YoY).
For the year to September, Acer generated consolidated revenue of NT$215.59 billion, net income of NT$5.84 billion, which was down 32.6% YoY, and earnings per share (EPS) of NT$1.94.
Business highlights:
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All the public subsidiaries announced their business results with profitability. They contributed 43% of the Acer Group’s total operating income and accounted for 16% of total revenue.
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Acer strives to optimize its financial position by improving supply chain management and product sales by:
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The inventory level was NT$58.13 billion, a decrease of NT$5.31 billion and represents a continuous decrease from the first quarter.
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Cash flow from operations was NT$11.78 billion
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[1] Net income is reported as profit after tax in Acer’s financial statements
Denial
Acer Inc. This content was published on 03 November 2022 and he or she is solely responsible for the information contained therein. Distributed by the Community, unedited and unaltered, on 03 November 2022 09:44:04 UTC.
Publicnow 2022
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ACER INCORPORATED technical analysis trends
| Short term | Average Term | Longterm | |
| Trends | Neutral | Bearish | Bearish |
Income Statement Evolution
|
Sold  Buy |
|
| Average consensus | SELL |
| Number of Analysts | 7 |
| Final Closing Price | 22,45 TWD |
| Average target price | 17,37 TWD |
| Spread / Average Target | -22.6% |
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