00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Foxconn reported first quarter revenue of $213 trillion, dark $6660 billion,
00:08up 29.7% year-over-year on demand for artificial intelligence products, according to Reuters.
00:13The result came in below the $2148 trillion Dalwell SEG smart estimate,
00:19which places more weight on forecasts from more consistently accurate analysts.
00:23Cloud and networking products drove growth, while smart consumer electronics,
00:27including iPhones, also increased on new product launches.
00:30March revenue rose 45.6% year-over-year to $803.7 billion a record for the month.
00:37Foxconn said operations will grow quarter-over-quarter and year-over-year in the second quarter,
00:41with AI racks continuing to expand.
00:43The company warned that global political and economic conditions remain volatile.
00:47Shares have fallen 16% this year.
00:49For all things money, visit Benzinga.com.
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