Asustek Posts 46% Surge In Q1 Net Profit, Projects Rise In Q2 Shipments

Asustek Computer Inc ASUUY reported a 46% rise in its first-quarter net profit. Asustek's quarterly net profit climbed to NT$5.01 billion, from NT$3.42 billion in the year-ago period. However, analysts were expecting a net profit of NT$3.86 billion. Its revenue surged 23% to NT$90.91 billion from NT$73.91 billion. Asustek projects Q2 shipments of notebook PCs to surge to 4.4 million, from 3.1 million in the year-ago quarter. It also expects tablet PC shipments to climb to 1.2 million, from 400,000 in the year-ago period.