Acer Reports Q3 2018 Results: Highest Operating Income of NT$1.17 Billion for Q3 in Eight Years
TAIPEI, TAIWAN - Acer Inc. (TWSE: 2353) announced today its financial results for Q3 2018: consolidated revenues were NT$65.33 billion, growing 7.8% year-on-year; gross profits were NT$6.89 billion with 10.6% margin; operating income was NT$1.17 billion, marking the highest for the third quarter over eight years1, with 1.8% margin; earnings before tax2 were NT$1.19 billion; net income3 was NT$912 million; and earnings per share (EPS) were NT$0.3.
In the third quarter, Acer saw YoY revenue growth across all three regions (Pan-America, EMEA, and Pan-Asia Pacific), with outstanding year-to-September sales in the US, Russia, and Southeast Asia.
For year-to-Q3 results Acer also demonstrated its steady momentum of operations with net income of NT$2.5 billion, up 42.5% YoY, and EPS of NT$0.83.
1 The highest operating income for the third quarter over eight years, from 2011
2 Earnings before tax is reported as profit-before-tax in Acer’s financial statements
3 Net income is reported as profit-after-tax in Acer’s financial statements