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via finance.yahoo.comBusiness & Companies

Foxconn posts record third-quarter profit and raises outlook

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Foxconn, a key Apple supplier, reported record third-quarter profit on Thursday and raised its full-year outlook for all four of its main business segments, driven by strong demand for AI servers. Our AI stock portfolio is beating the S&P 500 by 118%. Discover…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above estimates from a key Apple supplier, driven by AI server demand.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Net profit rose 34% to 77.5 billion New Taiwan dollars, about 10% above estimates.
  2. 02Revenue jumped 46% to 3.02 trillion New Taiwan dollars.
  3. 03The group raised its full-year outlook for all four main business segments.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Hon Hai Precision Industry Co., Ltd.2317.TWStock240.00 TWDMarket closedtoday -0.83%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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