Ad
Ad
Ad
Ad
Ad
02
May
2012

Hon Hai Precision takes a hit

Shares in Hon Hai Precision Industry Co Ltd took a sharp fall Monday, following poor quarterly profits.
Hon Hai shares opened on Monday, falling the maximum 7 percent allowed in a session and remained there until the close. It was the stock's biggest one-day drop since November 2008 according to Reuters.

Hon Hai's first-quarter net profit - T$14.92 billion (384 million euro) – was up 3.6 percent, but well bellow analysts' forecasts.
Read comments for this article

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
blog comments powered by Disqus
Ad
Ad
Load more news