Hon Hai profit rises 15.3 pct to T$42.6 bln; beats estimates
TAIPEI, March 28
TAIPEI, March 28 (Reuters) - Taiwan's Hon Hai Precision Industry Co Ltd, the world's largest contract manufacturer of electronic devices, beat analyst estimates with a 15.3 percent rise in quarterly profit, boosted by record sales of client Apple Inc's iPhones and iPads.
October-December net profit reached T$42.6 billion ($1.40 billion) from T$37.0 billion a year earlier, according to company figures released Friday.
The result compared with the T$40.1 billion mean estimate of 13 analysts polled by Thomson Reuters.
Shares of Hon Hai closed flat before the earnings release, in line with in the benchmark index. ($1 = 30.5315 Taiwan Dollars) (Reporting by Michael Gold. Editing by Jane Merriman)
- Tweet this
- Share this
- Digg this
- Blind enormously proud to be a Red Devil
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- India nears $2.5 billion deal for Boeing military helicopters
- Alibaba aims to launch share sale in early September-source
- India says Pakistan border clashes "extremely serious and provocative"