Apple supplier Foxconn’s Q3 profit up 5% y/y By Reuters


© Reuters. FILE PHOTO: A woman carrying an umbrella walks past the logo of Foxconn outside a company’s building in Taipei, Taiwan October 31, 2022. REUTERS/Carlos Garcia Rawlins

TAIPEI (Reuters) – Apple Inc (NASDAQ:) supplier Foxconn reported on Thursday a rise of 5% in third-quarter net profit, Reuters calculations showed, missing market estimates.

The Taiwan company, which is the world’s largest contract electronics maker, said net profit for the July-September quarter rose to T$38.8 billion from T$36.98 billion a year earlier.

Eleven analysts were expecting on average profit of T$41.3 billion, according to Refinitiv.

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