Yahoo Finance Focusrite First Half 2024 Earnings: EPS: UK£0.042 (vs UK£0.14 in 1H 2023)
Focusrite (LON:TUNE) First Half 2024 Results
Key Financial Results
Revenue: UK£76.9m (down 11% from 1H 2023).
Net income: UK£2.47m (down 71% from 1H 2023).
Profit margin: 3.2% (down from 9.8% in 1H 2023). The decrease in margin was driven by lower revenue.
EPS: UK£0.042 (down from UK£0.14 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Focusrite Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Consumer Durables industry in the United Kingdom.
Performance of the British Consumer Durables industry.
The company's shares are up 16% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Focusrite that we have uncovered.
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