Foxconn posts fall in Q1 profit, lagging estimates [Reuters]
HON HAI PRECSON S/GDR NEW (HNHPF)
NASDAQ:AMEX Investor Relations:
foxconn.com/investors_en/investors.html
Company Research
Source: Reuters
Foxconn posts fall in first-quarter profit, lagging estimates - Reuters 2 Min Read TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract manufacturer, reported on Tuesday a bigger fall in quarterly profit than analysts had expected, amid waning demand for electronics from its key customers, including Apple Inc. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported net profit of T$19.82 billion ($637.26 million) for the first three months of 2019, down 17.7% from the same period a year earlier, the company said in a statement. The result lagged the T$24.84 billion average of eight analyst estimates compiled by Refinitiv. The company did not explain what led to the worse-than-expected profit. Arthur Liao, an analyst at Fubon Research in Taipei, said ahead of the results that despite slowing Apple iPhone sales, Foxconn is set to benefit from the launch of new iPhone models, expected later this year. The prolonged downturn in global tech demand has hit profits
Show less
Read more
Impact Snapshot
Event Time:
HNHPF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HNHPF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HNHPF alerts
High impacting HON HAI PRECSON S/GDR NEW news events
Weekly update
A roundup of the hottest topics
HNHPF
News
- Hon Hai Technology Group (Foxconn) Teams With 2 Taiwan Hospitals To Use NVIDIA-enabled Taipei-1 SupercomputerPR Newswire
- Hon Hai Technology Group (Foxconn) Teams With 2 Taiwan Hospitals To Use NVIDIA-enabled Taipei-1 SupercomputerPR Newswire
- Foxconn sees robust AI server demand, posts 14% rise in Q3 profit [Yahoo! Finance Canada]Yahoo! Finance Canada
- Major Apple supplier Foxconn expected to report strong Q3 results on AI boom [Yahoo! Finance Canada]Yahoo! Finance Canada
- Major Apple supplier Foxconn expected to report strong Q3 results on AI boom [Yahoo! Finance]Yahoo! Finance