Catcher shares hit year-high on earnings report

Taipei Times
Date: Mar 18, 2017
By: Lauly Li / Staff reporter

Shares of Catcher Technology Co (可成科技) yesterday rose 4.25 percent to a one-year high of NT$282 after the metal casing company reported better-than-expected earnings for last quarter.

Catcher, which supplies metal casings for Apple Inc’s iPhones, iPads and MacBook Pro, on Thursday posted net income of NT$9.52 billion (US$311 million) for last quarter, the highest quarterly profit in its history.

The result represented a 34.8 percent increase from NT$7.06 billion in the same period last year and 113.1 percent from the prior quarter’s NT$4.47 billion, company data showed.

It also beat Credit Suisse Group AG’s forecast of NT$6.3 billion and consensus estimates of NT$7.09 billion.    [FULL  STORY]

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