Foxconn profit below forecast on soaring operating costs, shares fall

Foxconn profit below forecast on soaring operating costs, shares fall

6 years ago
Anonymous $oIHRkISgaL

https://www.reuters.com/article/us-foxconn-results/foxconn-profit-below-forecast-on-soaring-operating-costs-shares-fall-idUSKBN1KY19E

Foxconn posted second-quarter net profit well below expectations as a rise in component costs and unsold inventory weighed on the performance of the Apple supplier and world's top contract electronics maker, analysts said.

Foxconn profit below forecast on soaring operating costs, shares fall

Aug 14, 2018, 6:20am UTC
https://www.reuters.com/article/us-foxconn-results/foxconn-profit-below-forecast-on-soaring-operating-costs-shares-fall-idUSKBN1KY19E >Foxconn posted second-quarter net profit well below expectations as a rise in component costs and unsold inventory weighed on the performance of the Apple supplier and world's top contract electronics maker, analysts said.