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    HomeNewsWorldInternational ResultsApple supplier Foxconn's Q3 profit rises 11%, much better than forecasts

    Apple supplier Foxconn's Q3 profit rises 11%, much better than forecasts

    The Taiwanese company, the world's largest contract electronics maker, said net profit for the July-September quarter rose to T$43.1 billion ($1.3 billion) from T$38.8 billion in the same period the previous year.

    Reuters
    November 14, 2023 / 12:23 IST
    Apple supplier Foxconn's Q3 profit rises 11%, much better than forecasts

    Apple Inc supplier Foxconn reported on Tuesday a surprise 11% rise in third-quarter profit.

    The Taiwanese company, the world's largest contract electronics maker, said net profit for the July-September quarter rose to T$43.1 billion ($1.3 billion) from T$38.8 billion in the same period the previous year.

    The profit beat a T$34.5 billion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.

    Reuters
    first published: Nov 14, 2023 12:20 pm

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