Q: I think this stock has reported. Any good news?
5i Research Answer:
EPS of 60c beat estimates of 56c; revenue of $700M matched estimates. EBITDA of $121M was 4% better than expected. Revenue fell 0.9% year over year. EBITDA rose 12%. EPS rose from 51c last year. TCL.A bought back 1.2M shares. Improved profits reflect the company's cost optimization initiatives, including changes to the manufacturing network. Packaging was weak due some economic uncertainty. But the results are decent overall. The stock is very cheap at 7X earnings and up 44% in the past year.