March 28, 2014 / 11:48 AM / in 4 years

Hon Hai profit rises 15.3 pct to T$42.6 bln; beats estimates

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below