Foxconn shares rise more than 5% after Q4 profit beats market estimates [Reuters]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: Reuters
5% early on Friday after reporting a day earlier a fourth-quarter profit that beat expectations and forecasting a bullish outlook for this year due to booming demand for AI servers. Foxconn on Thursday reported a forecast-beating 33% jump in net profit for the fourth quarter and said it expected a significant rise in revenue this year. Shares of Foxconn, formally called Hon Hai Precision Industry Co Ltd, rose on Friday, compared with a 0.5% fall in the broader market (.TWII) , opens new tab The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. Reporting By Yimou Lee; Editing by Muralikumar Anantharaman Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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- Hon Hai Technology Group (Foxconn) Pledges 100% Renewable Electricity By 2040 and Joins RE100PR Newswire
- Hon Hai Technology Group (Foxconn) Pledges 100% Renewable Electricity By 2040 and Joins RE100PR Newswire
- Hon Hai Technology Group (Foxconn) Pledges 100% Renewable Electricity By 2040 and Joins RE100PR Newswire
- Apple supplier Foxconn introduces rotating CEO role [Yahoo! Finance]Yahoo! Finance
- Apple supplier Foxconn introduces rotating CEO role [Reuters]Reuters