TAIPEI, Nov 14 (Reuters) - Apple supplier Foxconn reported on Thursday a 14% rise in third-quarter net profit, driven by strong AI server demand.
The Taiwanese company, the world's largest contract electronics maker, reported net profit for the July-September quarter rose to T$49.3 billion ($1.5 billion) from T$43.1 billion in the same period the previous year, according to Reuters calculations.
The profit beat analysts' average estimate of T$46.3 billion. ($1 = 32.5590 Taiwan dollars)
(Reporting by Yimou Lee and Faith Hung; Writing by Ben Blanchard; Editing by Kim Coghill)
((ben.blanchard@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments