By Kosaku Narioka
Foxconn Technology Group said Thursday that it posted a net profit of 55.82 billion new Taiwan dollars ($1.96 billion) on a revenue of NT$3.349 trillion for the first nine months of the year.
Foxconn's third-quarter net profit was NT$30.85 billion, given a net profit of NT$24.96 billion in the first half, according to calculations by The Wall Street Journal. That beat the estimate of NT$28.83 billion from a FactSet poll of analysts.
The Taiwanese electronics maker, formally known as Hon Hai Precision Industry Co., said earlier this month its revenue in October rose 2.8% compared with the same period a year earlier to NT$612.55 billion.
Write to Kosaku Narioka at firstname.lastname@example.org
(END) Dow Jones Newswires