TAIPEI (Reuters) – Shares of Apple supplier Foxconn rose more than 5% early on Friday after reporting a day earlier a fourth-quarter profit that beat expectations and forecasting a bullish outlook for this year due to booming demand for AI servers.
Foxconn on Thursday reported a forecast-beating 33% jump in net profit for the fourth quarter and said it expected a significant rise in revenue this year.
Shares of Foxconn, formally called Hon Hai Precision Industry Co Ltd, rose on Friday, compared with a 0.5% fall in the broader market.
(Reporting By Yimou Lee; Editing by Muralikumar Anantharaman)
