Hot Stocks

Taiwan's Compal reports surge in Q1 profit

TAIPEI, April 28 (Reuters) - Taiwan's Compal Electronics 2324.TW, the world's No. 2 contract laptop maker, posted a surge in quarterly earnings on Wednesday amid rising demand for computers globally.

Compal earned a net profit of T$8.52 billion ($272 million) in January-March, compared with T$2.8 billion the same period a year ago, the company said.

Analysts were expecting Compal to earn T$6.042 billion in the first quarter.

On Monday, sector leader Quanta Computer 2382.TW forecast rising shipments for the second quarter after posting slightly stronger-than-expected first-quarter earnings that could bode well for clients such as Hewlett-Packard HPQ.N. [ID:nTOE63M05X] (US$1=T$31.3) (Reporting by Roger Tung, Editing by Jonathan Standing)