Reuters: Technology News: Foxconn International shares drop 2 percent after profit warning

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Foxconn International shares drop 2 percent after profit warning Jan 24th 2013, 01:27 HONG KONG | Wed Jan 23, 2013 8:27pm EST HONG KONG (Reuters) - Shares of Foxconn International Holdings Ltd (FIH) (2038.HK), the world's biggest contract maker of cellphones, fell more than two percent on Thursday, after it said it expected to record a net loss for 2012 due to dismal demand from its major clients. Foxconn International shares fell 2.2 percent to HK$3.5 in early trade, underperforming a 0.2 percent fall in the main Hang Seng Index .HSI. FIH, which traditionally assembles products for key clients including Nokia Oyj (NOK1V.HE), but not Apple Inc (AAPL.O), has struggled in recent years as many of its customers' order books have shrunk.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions