Taiwan's Foxconn forecasts strong first-quarter performance
Tweet
Share
E-mail
The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu
TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn on Thursday flagged strong expectations for its first quarter performance, after reporting a 35.5% year-on-year rise in January revenue.
"Shipments of AI racks continue to increase, and Smart Consumer Electronics are also better than expected," it said in a statement.
"The seasonal performance for the current quarter is expected to be better than the range of the past five years," the company, Nvidia's biggest server maker, added, without elaborating.
(Reporting by Ben Blanchard; Editing by Jacqueline Wong)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lula's lead over Bolsonaro narrows ahead of Brazil vote, CNT/MDA poll shows
- Indian police detain several people in Gen Z-led protests against voter roll changes
- North Korea's Kim Yo Jong says intermediate-range missile test was conducted
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
