Apple supplier Foxconn fourth quarter profit misses estimates By Reuters

March 30, 2021 admin Stock News 0

© Reuters. FILE PHOTO: People wear masks to protect themselves from coronavirus disease (COVID-19) while listening to the annual general meeting at the lobby of Foxconn’s office in Taipei

TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc (NASDAQ:) among its major clients, reported a fourth quarter profit on Tuesday that lagged market estimates.

The Taiwanese firm reported October-December net profit of T$45.97 billion ($1.61 billion), down 4% compared with the year ago period, the company said in a statement.

($1 = 28.5110 Taiwan dollars)

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