TAIPEI (Reuters) – Apple Inc supplier Foxconn reported on Tuesday a surprise 11% rise in third-quarter profit.
The Taiwanese company, the world’s largest contract electronics maker, said net profit for the July-September quarter rose to T$43.1 billion ($1.3 billion) from T$38.8 billion in the same period the previous year.
The profit beat a T$34.5 billion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.
($1 = 32.3430 Taiwan dollars)
(Reporting by Yimou Lee and Sarah Wu; Editing by Anne Marie Roantree and Edwina Gibbs)
