Foxconn shares rise after offering cautiously optimistic Q4 outlook

FILE PHOTO: People wear masks to protect themselves from the coronavirus disease (COVID-19) while listening to the annual general meeting at the lobby of Foxconn's office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang

TAIPEI (Reuters) - Shares in Taiwan's Foxconn, the world's largest contract electronics maker, rose 3% on Wednesday morning after the company said it was "cautiously optimistic" about its fourth-quarter revenue outlook.

Foxconn, a major Apple Inc supplier, also on Tuesday reported record-breaking September sales.

(Reporting by Ben Blanchard; Editing by Shri Navaratnam)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Tech News

Coinbase says Apple blocked its last app release on NFTs in wallet
Facebook's skewed audience for job ads draws new complaint
U.S. lawmakers say some fintechs failed to prevent 'obvious' pandemic fraud
U.S. CFTC chairman says met with former FTX chief 10 times over clearing application
Exclusive-Meta sought to settle EU antitrust investigations, sources say
U.S. Justice Department weighs new guidance on messaging apps, clawback policies -official
Salesforce shares tumble after surprise exit of co-CEO Taylor
FTX ex-CEO Bankman-Fried says he did not know of improper use of customer funds -ABC News
India's digital rupee fails to excite interest, bankers say
Netflix to let more subscribers preview content - WSJ

Others Also Read