Foxconn to achieve growth in profits and gross margins in 3Q11 & 4Q11

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Foxconn to achieve growth in profits and gross margins in 3Q11 & 4Q11

According to market watchers, Foxconn Electronics' Q3 gross margin is expected to be higher than the 7.3% recorded in Q2 with EPS to also likely to be above NT$1.30 (US$0.43), higher than the NT$1.21 in the second quarter.

Some market watchers were concerned that the lower-than-expected performance could impact Foxconn's revenues in the third quarter.Foxconn's profitability and gross margin are expected to continue achieving growth in the fourth quarter on strong demand for Apple products.


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