Trident second quarter results announced in real time: profit fell 8.29% year-on-year

Trident second-quarter results released live: Trident reported second-quarter results on November 6, 2024, revealing the challenging quarter the company faced. Revenue fell by 4.71% year-on-year, and profit fell by 8.29% year-on-year.

Compared with the previous quarter, Trident’s revenue fell slightly by 1.71%, but profits increased significantly by 12.83%. This suggests that profitability remains somewhat resilient despite overall revenue declines.

From an expense perspective, selling, general and administrative expenses decreased slightly by 1.31% month-on-month, although they increased by 3.33% year-on-year, highlighting continued cost management challenges.

Operating income increased by 1.03% month-on-month, but dropped significantly by 13.08% year-on-year, indicating potential problems with operating efficiency.

Second quarter earnings per share (EPS) were $0.17, a year-on-year decrease of 5.45%, further highlighting the profitability pressure faced by the company.

In terms of stock performance, Trident returned 1.57% last week. However, the company faces a more challenging environment, returning -11.38% over the past six months and -5.65% year-to-date.

Currently, Trident has a market capitalization of $17,235.18 Crore, its stock trading volume hit 52-week high $52.9, the lowest is $31.77.

As of November 7, 2024, all analysts covering Trident have a consensus recommendation of Strong Buy, indicating confidence in the company’s long-term growth potential despite the challenges in this quarter.