Quanta Computer Advances to Two-Month High After Profit Exceeds Estimates

Quanta Computer Inc. (2382) rose to highest in two months in Taipei trading after the laptop maker’s profit beat analysts’ estimates.

The stock gained 2.1 percent to NT$59 as of 9:22 a.m. local time, the highest since March 8. The company reported first- quarter net income of NT$5.7 billion. The average of 10 analyst estimates compiled by Bloomberg was for profit of NT$4.6 billion.

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net

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