TAIPEI, Nov 12 (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker, reported a 34% rise in third-quarter profit on Thursday, beating analyst forecasts on continued strong demand for AI.
Net profit for the July to September period for Nvidia’s biggest server maker and Apple’s top iPhone assembler was T$77.5 billion ($2.35 billion), versus an LSEG consensus estimate of T$69.6 billion and compared with T$57.7 billion a year earlier.
($1 = 32.9740 Taiwan dollars)
(Reporting by Ben Blanchard, Wen-Yee Lee and Yimou Lee; Editing by Tom Hogue)
Comments