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Apple supplier Foxconn Q4 profit beats estimates -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: People wearing masks protect against the coronavirus (COVID-19), as they listen to the annual general assembly at Foxconn’s Taipei office, Taiwan on June 23, 2020. REUTERS/Ann Wang

TAIPEI, Reuters – Taiwan’s Foxconn (NASDAQ: Taiwan) reported a quarterly profit of $0.2 million on Wednesday. This is slightly higher than market forecasts.

Foxconn’s October-December net profit was T$44.4 Billion ($1.55 Billion), down 3.4% compared to the same period a year ago, according to Reuters calculations based Reuters data.

This is a comparison to the T$43.32 trillion average 10 analysts estimates, compiled by Refinitiv.

($1 = 28.5700 Taiwan dollars)

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