Taiwan's Foxconn books 2% fall in fourth-quarter profit, lags forecasts

Foxconn reported fourth-quarter profit down 2.4% year-over-year and said results lagged analyst estimates. As the world’s largest contract electronics maker, the modest profit decline and earnings miss point to continued softness in electronics demand/supply dynamics and could pressure related supplier equities.

Analysis

Foxconn reported fourth-quarter profit down 2.4% year-over-year and said results lagged analyst estimates. As the world’s largest contract electronics maker, the modest profit decline and earnings miss point to continued softness in electronics demand/supply dynamics and could pressure related supplier equities.