Pegatron posts worse-than-expected earnings for Q2 of NT$187.6 billion


CNA

TAIPEI — Taiwanese contract notebook maker Pegatron Corp. reported worse-than-expected quarterly earnings yesterday and forecast that its shipments will continue to decline in the third quarter. Pegatron, an Apple Inc. supplier, posted sales of NT$187.6 billion for the April-June period, a quarterly increase of 25.8 percent and a 79 percent rise year-on-year.

The company’s net income stood at NT$822 million, down 35.6 percent from the previous quarter. Its earnings per share was NT$0.36, below the first-quarter figure of NT$0.57 and market expectations of between NT$0.6 and NT$0.8.

In its third-quarter forecast, Pegatron said its notebook shipments are expected to decline 15 to 20 percent from the second quarter, while its motherboard and desktop shipments will drop by 5 to 10 percent.