Apple Supplier Hon Hai Shares Fall 1.9 Percent After Second Quarter Results Miss Estimates

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via RTRS 

For the quarter ended June, Foxconn reported a net profit of T$17.49 billion ($567.25 million), versus T$17.9 billion a year ago. This was below a mean estimate of T$21.936 billion ($711.45 million) from nine analysts polled by Thomson Reuters I/B/E/S. It did not elaborate on its earnings.

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We have positioned ourselves accordingly:

AAPL (weekly) likely experiencing a blowoff top

How are there no analysts with sell recommendations?


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