Sharp rebounds to Q3 profit, holds full-year forecast

 

sharp-logo-ces-635.jpg

Sharp Corp rebounded to a third-quarter operating profit on Friday, improving the bailed-out consumer electroncs maker's chances of convincing lenders and shareholders that it is a viable company.

In the three months to December 31, Sharp posted an operating profit of 2.6 billion yen, compared with a loss of 24.4 billion yen a year ago. The result was ahead of an average 230 million yen loss estimated by seven analysts surveyed by Thomson Reuters I/B/E/S.

The maker of Aquos TVs stuck with its forecast for a full-year operating loss of 155 billion yen compared with an average 152 billion yen loss expected by 19 analysts.

Sharp in October secured a $4.4 billion bailout from banks but had to mortgage its offices and factories in Japan to secure the loans. It also pledged to trim its workforce by 10,000 people and sell off assets.

© Thomson Reuters 2013

For the latest technology news and reviews, like us on Facebook or follow us on Twitter and get the NDTV Gadgets app for Android or iOS.

Tags: Sharp, Sharp LCD TVs, Sharp TVs

 


Comments

More From NDTV »

More From Web »

 

Advertisement

© Copyright NDTV Convergence Limited 2014. All rights reserved.
Sign in

Advertisement

Advertisement