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Apple supplier Foxconn’s Q2 profit rises 6% on year, beats forecasts

08/14/2024

Less than a minute

2024.08.14 02:35

TAIPEI (Reuters) – Apple (NASDAQ:) supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand.

© Reuters. FILE PHOTO: A sign of Foxconn is seen at a glass door inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang/File photo

The Taiwanese company, the world’s largest contract electronics maker, said net profit for the April-June quarter rose to T$35.05 billion ($1.09 billion) from T$33 billion in the same period the previous year.

The profit beat analysts’ average estimate of T$34.29 billion.

08/14/2024

Less than a minute

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