Endurance Technologies announced second quarter results: profit increased 31.33% year-on-year

Endurance Technologies second quarter results announced live: Endurance Technologies reported second quarter results on November 6, 2024, showing significant growth in financial performance. The company’s revenue increased by 14.45% year-on-year, and its profit increased by 31.33% year-on-year. Compared with the previous quarter, revenue increased slightly by 3.08%, but profit decreased slightly by 0.43%.

From the perspective of operating efficiency, sales, general and administrative expenses decreased by 3.3% month-on-month, but increased by 13.91% year-on-year. This points to mixed trends in expense management, with year-over-year costs still rising despite improvements in the near term.

Operating income also showed positive momentum, with a month-on-month increase of 2.25% and a significant year-on-year increase of 25.48%. Second quarter earnings per share (EPS) were $14.43, a year-on-year increase of 31.3%.

Investors have shown confidence in Endurance Technologies, with the stock returning 1.66% last week, 22.41% over the past six months, and an impressive 23.13% year-to-date. Currently, the company’s market capitalization is $33,483.38 Crores, a new 52-week high $3,061.30 The lowest price is $1,572.35.

As of November 7, 2024, analysts have mixed sentiments on Endurance Technologies. Of 12 analysts, 3 rate the stock with a strong sell rating, 2 rate it with a sell rating, 2 rate it with a hold rating, 2 rate it with a buy rating and 3 rate it with a strong buy rating. As of now, the consensus recommendation is leaning toward Hold, reflecting cautious optimism about the company’s future performance.

Endurance Technology Finance