Apple assembler Foxconn tops earnings estimates

Apple assembler Foxconn, the world’s biggest contract electronics maker, beat estimates for second-quarter earnings. The company posted net income of NT$33 billion ($1.03 billion), down 1% from the same quarter last year but above consensus estimates of NT$25.57 billion ($0.8 billion). Revenue totaled NT$1.3045 trillion ($40.81 billion), down 14% from the year-ago quarter.
The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry,