Taipei ¨C Apple supplier Foxconn on Thursday posted a 56% plunge in first-quarter net profit, lagging forecasts in its biggest quarterly fall in three years, and said visibility for the full year was ¡°limited.¡±
The Taiwanese company said net profit for the January-March quarter fell to 12.8 billion New Taiwan dollars ($417.17 million) from NT$29.45 billion in the same period the previous year.
It was much worse than an average forecast of NT$29.18 billion in profit from 13 analysts, according to Refinitiv.
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