Taiwan's Foxconn reports 18.5% rise in Q1 profit, beats forecast

NVIDIA Corporation

NVIDIA Corporation

NVDA

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TAIPEI, May 14 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, reported on Thursday an 18.5% rise in first-quarter profit, beating analyst forecasts.

Net profit for January-March for Nvidia's NVDA.O biggest server maker and Apple's AAPL.O top iPhone assembler was T$49.92 billion, versus an LSEG consensus estimate of T$48.88 billion and compared with T$42.12 billion a year earlier.


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