Taiwan's Acer Q2 lower than forecast on tax settlement
TAIPEI Aug 17 (Reuters) - Taiwan's Acer Inc, the world's No.3 PC vendor by shipments, lagged market forecasts by posting a net profit of T$56 million ($1.87 million) in the second quarter, impacted by a one-time tax settlement in Europe.
The company sees revenue in the third quarter flat from the previous quarter, it said in a statement on Friday.
"Acer will start shipping products for the launch of Microsoft Windows 8 in August and September, therefore anticipates revenues to rebound," the company said.
Nineteen analysts had forecast Acer to post a net profit of T$550 million in the quarter, compared with T$331 million in the first quarter and a net loss of T$$6.79 billion in the same quarter a year earlier. ($1 = 29.9290 Taiwan dollars) (Reporting by Clare Jim; Editing by Matt Driskill and Muralikumar Anantharaman)
- More troops deployed in Ferguson to guard against fresh riots |
- Merkel hits diplomatic dead-end with Putin
- Jewish-nation bill frays Israel's delicate social fabric
- Ukraine reports new arrivals of Russian supplies for eastern rebels |
- Gunshots echo as violence returns to Ferguson, protests across U.S.
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video