Future Tech
Apple supplier Foxconn's Q3 profit up 5% y/y
TAIPEI - Apple Inc supplier Foxconn reported on Thursday a rise of 5% in third-quarter net profit, Reuters calculations showed, missing market estimates.
The Taiwan company, which is the world's largest contract electronics maker, said net profit for the July-September quarter rose to T$38.8 billion from T$36.98 billion a year earlier.
Eleven analysts were expecting on average profit of T$41.3 billion, according to Refinitiv.
- Reuters
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