Friday, August 3, 2012

Sharp pain continues with $1.2 billion loss in Q1, drastically lowered forecast for 2012

Sharp pain continues with $12 billion loss in Q1, drastically lowered forecast for 2012Having already scraped through a disastrous 2011, Sharp had been banking on making a small but significant profit this year. Those hopes have now evaporated, with the Japanese manufacturer's forecast of 20 billion yen ($250 million) in operating earnings for 2012 being revised down to a 100 billion yen ($1.25 billion) loss. That dose of reality is largely the result of the quarter just gone, in which hardly anyone appears to have bought an Aquos TV (despite the 90-incher being pretty amazing) or a Sharp-made LCD panel, and the company made a 94 billion yen ($1.2 billion) loss in the space of just three months. According to Reuters, as many as 5,000 staff may lose their jobs in the company's first major round of lay-offs.

Filed under:

Sharp pain continues with $1.2 billion loss in Q1, drastically lowered forecast for 2012 originally appeared on Engadget on Thu, 02 Aug 2012 02:58:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceReuters  | Email this | Comments

Source: http://www.engadget.com/2012/08/02/sharp-q1-2012-financial-results/

edc paranormal activity 4 love and hip hop 2012 nfl mock draft iowa caucus lemonade diet steve jobs action figure

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.