Hon Hai Net Income Beats Estimates Ahead of New IPhone
This article is for subscribers only.
Hon Hai Precision Industry Co. posted profit that beat analyst estimates as it prepares to release new versions of Apple Inc.’s iPhone. The shares climbed to the highest level in three weeks.
Second-quarter net income climbed 19 percent to NT$20.2 billion ($673 million), the Taipei-based company said in an e-mailed statement yesterday, beating the NT$18.2 billion average of 14 analysts’ estimates compiled by Bloomberg. Shares rose.