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)
- Obama says beheading 'shocked the conscience' of the world |
- Gaza war rages on, Hamas says Israel tried to kill its military chief |
- Four beheaded corpses found in Egypt's Sinai: security sources
- Father of Texas 'affluenza' teen arrested for impersonating police officer
- U.S. attorney general visits racially charged St. Louis suburb