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Tuesday October 31, 2:00 PMTaiwan Quanta Computer Q3 net profit up 13 pct y/yTAIPEI, Oct 31 (Reuters) - Taiwan's Quanta Computer Inc. , the world's largest contract maker of laptop computers, said quarterly earnings rose 13 percent from a year ago.Quanta, which supplies top PC vendors such as Dell Inc. and Hewlett-Packard Co. , reported net profit of T$3.863 billion ($116 million) for the quarter ended in September, higher than T$3.42 billion a year ago, and up from T$2.11 billion in the second quarter. The result beat expectations of a T$2.85 billion profit, according to the average forecasts from nine analysts surveyed by Reuters Estimates. Quanta's main rival and world contract laptop making No. 2 Compal Electronics Inc. , last week posted a weaker-than-expected 2.1 percent drop in quarterly profit, but forecast fourth-quarter shipments to rise 18 percent from the third-quarter. Together, Quanta and Compal make 40 percent of the world's notebook computers. Quanta shares gained about 9 percent so far this year, while Compal shares fell around 3 percent in the same period, compared to a 7 percent gain on Taiwan's main TAIEX share index year-to-date. Quanta trades on an estimated price to earnings (PE) ratio of 15 times while Compal trades at 11.5 times, according to Reuters data. (US$1=T$33.2) |
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