Market Overview

Hon Hai Q2 Net Profit Up 89%

Related HNHPF
Apple May Increase Payments to Foxconn to Accelerate iPhone 6 Plus Production
Cantor Fitzgerald Says Apple Suppliers Are Playing iPhone Production 'Catch-Up'

Hon Hai Precision Industry Co (OTC: HNHPF) reported an 89% rise in its second-quarter net profit.

Hon Hai's quarterly net profit surged to 23.81 billion New Taiwan dollars ($794.6 million), versus NT$12.60 billion, in the year-ago period. However, analysts were expecting a profit of NT$16.32 billion.

Its revenue gained to NT$895.62 billion from NT$891.90 billion.

Hon Hai shares closed at $4.91 yesterday.

Posted-In: profitEarnings News

 

Related Articles (HNHPF)

Around the Web, We're Loving...

Get Benzinga's Newsletters