The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved.Third quarter 2021 results:
- Revenue: US$4.08b (up 6.3% from 3Q 2020).
- Net income: US$881.0m (flat on 3Q 2020).
- Profit margin: 22% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses.
Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.