Categories: Business

Taiwanese electronics firm Foxconn's Q3 profit rises 17%, beats forecasts

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TDG Syndication

TAIPEI (Reuters) -Taiwan's Foxconn, the world's largest contract electronics maker, reported on Wednesday a 17% rise in third-quarter profit that beat market forecasts on sustained strength in demand for artificial intelligence servers. Net profit for the July-September period for Nvidia's biggest server maker and Apple's top iPhone assembler was T$57.67 billion ($1.89 billion), versus an LSEG consensus estimate of T$50.4 billion. ($1 = 30.5930 Taiwan dollars) (Reporting by Wen-Yee Lee and Ben Blanchard; Editing by Muralikumar Anantharaman) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TDG Syndication
Published by TDG Syndication