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Taiwan's Quanta Q2 net profit flat, lags estimates
August 14, 2014 / 6:00 AM / 3 years ago

Taiwan's Quanta Q2 net profit flat, lags estimates

TAIPEI, Aug 14 (Reuters) - Taiwan’s Quanta Computer Inc , the world’s largest contract manufacturer of personal computers (PCs), on Thursday reported near-flat second-quarter net profit, lagging analyst estimates, on continued stagnation in the global PC market.

The company, which assembles computers and iPods for Apple Inc, reported second-quarter net profit of T$4.07 billion ($135.69 million), versus a T$4.52 billion mean estimate of 18 analysts polled by Reuters.

The result compared with the T$4.68 billion of January-March and T$4.02 billion of the second quarter of 2013.

Quanta shares closed up 1.1 percent ahead of the earnings release, against a flat TAIEX index. (1 US dollar = 29.9940 Taiwan dollar) (Reporting by Michael Gold; Editing by Christopher Cushing)

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