Acer Reports Q3 2018 Results: Highest Operating Income of NT$1.17 Billion for Q3 in Eight Years
TAIPEI, Taiwan, Nov. 7, 2018 /PRNewswire/ -- 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 years[1], with 1.8% margin; earnings before tax[2] were NT$1.19 billion; net income[3] 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 |
About Acer
Founded in 1976, Acer now is one of the world's top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer's 7,000+ employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.
© 2018 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.
SOURCE Acer Incorporated
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