Transcend Information, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 08:07 pm EST
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Transcend Information, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 2,727.11 million compared to TWD 3,066.21 million a year ago. Net income was TWD 826.57 million compared to TWD 483.69 million a year ago. Basic earnings per share from continuing operations was TWD 1.93 compared to TWD 1.13 a year ago. Diluted earnings per share from continuing operations was TWD 1.93 compared to TWD 1.13 a year ago.
For the nine months, sales was TWD 7,805.48 million compared to TWD 9,522.34 million a year ago. Net income was TWD 1,458.45 million compared to TWD 2,408.39 million a year ago. Basic earnings per share from continuing operations was TWD 3.4 compared to TWD 5.61 a year ago. Diluted earnings per share from continuing operations was TWD 3.4 compared to TWD 5.61 a year ago.
Transcend Information, Inc. is a Taiwan-based company principally engaged in the manufacture and distribution of memory products. The Companyâs primary products include dynamic random access memory (DRAM) expansion cards, desktop and notebook computer memory cards, server and workstation memory cards, router memory cards, laser printer and facsimile machine memory cards, flash memory application products, compact flash cards, multimedia cards (MMCs), secure digital (SD) cards, moving picture experts group layer-3 audio (MP3) players, digital photo frames, mobile hard drives, external digital video disk (DVD) recorders and solid hard drives. The Company mainly distributes its products in domestic market and overseas markets, including the rest of Asia, the Americas and Europe.