Taiwan's Foxconn shares drop more than 2% after quarterly profit miss [Reuters]
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Source: Reuters
Taiwan's Foxconn shares drop more than 2% after quarterly profit miss - Reuters 1 Min Read TAIPEI (Reuters) - Shares of Foxconn, the world’s largest contract manufacturer, dropped more than 2% on Wednesday after the company posted a lower-than-expected quarterly profit. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported a net profit of T$19.82 billion ($637.26 million) for the first three months of 2019, down 17.7% from the same period a year earlier. The result lagged the T$24.84 billion average of eight analyst estimates compiled by Refinitiv. Reporting By Yimou Lee; Editing by Muralikumar Anantharaman All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Taiwan's Foxconn shares drop more than 2% after quarterly profit miss TAIPEI (Reuters) - Shares of Foxconn, the world’s largest contract manufacturer, dropped more than 2% on Wednesday after the company posted a lower-than
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