Q1-Q3 2024: Financial Results and Investment Opportunities
Thursday, Oct 31, 2024 3:51 am ET
1min read As we approach the end of the third quarter of 2024, several prominent companies have reported their financial results, offering valuable insights into their performance and future prospects. This article will delve into the key financial highlights of Eli Lilly and Company (LLY), Advanced Micro Devices (AMD), Meta Platforms (META), and Tesla (TSLA), and explore the investment opportunities they present.
Eli Lilly and Company (LLY) reported strong revenue growth of 20% in the first nine months of 2024, driven by volume growth from Mounjaro and Zepbound. The company's profit after tax reached DKK 1,779 million, with a return on equity of 18.0%. Lilly's core income was 2% higher than in the same period last year, supported by higher net interest income and net fee income. The company's robust credit quality enabled it to make a reversal of impairment charges, further boosting its profitability. Looking ahead, Lilly upgraded its full-year guidance for profit after tax to a range of DKK 2,100 - 2,300 million.
Advanced Micro Devices (AMD) delivered impressive third-quarter 2024 results, with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for Ryzen PC processors. Revenue surged 18% year-over-year to $6.8 billion, with a non-GAAP operating margin of 25%. AMD's gross margin improved to 50% from 47% in the same period last year, reflecting the company's ability to leverage economies of scale and improve operational efficiency. Looking ahead, AMD expects revenue to grow approximately 22% year-over-year and 10% sequentially in Q4 2024.
Meta Platforms (META) reported strong AI progress in Q3 2024, with revenue up 19% YoY to $40.59B. AI advancements across apps and business drove growth, while Reality Labs investments are expected to increase operating losses due to product development and ecosystem scaling. Despite this, Meta maintained a 43% operating margin. For Q4 2024, Meta expects total revenue of $45-48B, with full-year 2024 expenses ranging $96-98B.
Tesla (TSLA) reported significant production and delivery growth in Q3 2024, with 470,000 vehicles produced and 463,000 delivered. The company's stock price has seen a steady increase over the past three years, reflecting its strong performance and growth potential. Tesla's focus on innovation and sustainability positions it well for the future, as demand for electric vehicles continues to grow.
In conclusion, the financial results for Q1-Q3 2024 demonstrate the strong performance and growth potential of companies like LLY, AMD, META, and TSLA. As investors, we can capitalize on these opportunities by focusing on income-generating investments that offer stable profits and cash flows. By prioritizing dividend stocks and reliable income sources, we can build a diversified portfolio that provides consistent, inflation-protected income, particularly suited for retirement portfolios.
Eli Lilly and Company (LLY) reported strong revenue growth of 20% in the first nine months of 2024, driven by volume growth from Mounjaro and Zepbound. The company's profit after tax reached DKK 1,779 million, with a return on equity of 18.0%. Lilly's core income was 2% higher than in the same period last year, supported by higher net interest income and net fee income. The company's robust credit quality enabled it to make a reversal of impairment charges, further boosting its profitability. Looking ahead, Lilly upgraded its full-year guidance for profit after tax to a range of DKK 2,100 - 2,300 million.
Advanced Micro Devices (AMD) delivered impressive third-quarter 2024 results, with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for Ryzen PC processors. Revenue surged 18% year-over-year to $6.8 billion, with a non-GAAP operating margin of 25%. AMD's gross margin improved to 50% from 47% in the same period last year, reflecting the company's ability to leverage economies of scale and improve operational efficiency. Looking ahead, AMD expects revenue to grow approximately 22% year-over-year and 10% sequentially in Q4 2024.
Meta Platforms (META) reported strong AI progress in Q3 2024, with revenue up 19% YoY to $40.59B. AI advancements across apps and business drove growth, while Reality Labs investments are expected to increase operating losses due to product development and ecosystem scaling. Despite this, Meta maintained a 43% operating margin. For Q4 2024, Meta expects total revenue of $45-48B, with full-year 2024 expenses ranging $96-98B.
Tesla (TSLA) reported significant production and delivery growth in Q3 2024, with 470,000 vehicles produced and 463,000 delivered. The company's stock price has seen a steady increase over the past three years, reflecting its strong performance and growth potential. Tesla's focus on innovation and sustainability positions it well for the future, as demand for electric vehicles continues to grow.
In conclusion, the financial results for Q1-Q3 2024 demonstrate the strong performance and growth potential of companies like LLY, AMD, META, and TSLA. As investors, we can capitalize on these opportunities by focusing on income-generating investments that offer stable profits and cash flows. By prioritizing dividend stocks and reliable income sources, we can build a diversified portfolio that provides consistent, inflation-protected income, particularly suited for retirement portfolios.
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