Volex Raises Earnings Outlook on AI Demand
Volex expects full-year earnings at the upper end of expectations and first-half revenue of at least $710 million.
Story updates
06:56:18 AM UTC
SquawkNews
Group revenue for the first half is expected to be at least $710m, including a contribution of approximately $11m million from data cable transmission tester Kepler SignalTek, the acquisition of which completed in July.Volex said first-half revenue is expected to be around 7% higher than the second…
STOCKS TO WATCHPower and data transmission product maker Volex expects full-year earnings to be at the upper and of expectations as it benefited from the rush to build artificial intelligence centres. Volex said group revenues for the first half were expected to be at least $710m, including a contr…