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<Results>Hon Hai 3Q Profit Up 17% Beats
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Hon Hai Precision Industry's third-quarter profit mounted 17% to TWD57.67 billion (approximately USD1.9 billion), surpassing analysts' average expectation of TWD51 billion. Revenue rose 11% to TWD2.06 trillion. The demand for AI server assembly business has driven double-digit revenue growth since last summer, and the growth momentum is expected to sustain. The group's sales in October advanced 11.3%, with fourth-quarter revenue expected to show marked YoY growth, and annual revenue to achieve substantial growth, in line with the guidance provided in August. AASTOCKS Financial News Website: www.aastocks.com |
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