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Acer Reports Q318 Results: Highest Operating Income for Q3 in Eight Years
Published: Nov 07,2018TAIPEI, Taiwan - Acer 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 years, with 1.8% margin; earnings before tax were NT$1.19 billion; net income was NT$912 million; and earnings per share (EPS) were NT$0.3.
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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.
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