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Asustek Q3 returns to black, beats forecasts

Mon Oct 26, 2009 8:19pm EDT

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TAIPEI, Oct 27 (Reuters) - Netbook PC pioneer Asustek (2357.TW) said it had returned to the black in the third quarter, beating market expectations and foreshadowing similarly strong results from its peers in coming days.

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It made a third-quarter net profit of T$6.497 billion ($199 million), it said in a filing to the stock exchange late on Monday, better than market expectations for a T$2.97 billion net profit according to a poll by Thomson Reuters I/B/E/S.

The firm made a net profit of T$6.38 billion during the same period a year ago.

(Reporting by Kelvin Soh; Editing by Jonathan Hopfner)

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