Salem Radio Network News Thursday, October 6, 2022

Science

Apple supplier Foxconn’s Q2 profit up nearly 12%

TAIPEI (Reuters) – Apple Inc supplier Foxconn reported on Wednesday an 11.7% rise in second-quarter net profit, according to Reuters calculations, beating market estimates.

The Taiwanese company, the world’s largest contract electronics maker, said net profit for the April-June quarter rose to T$33.25 billion from T$29.78 billion a year earlier.

Eleven analysts were expecting on average profit of T$31.02 billion, according to Refinitiv.

(Reporting by Yimou Lee and Sarah Wu; Editing by Muralikumar Anantharaman)

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