January 31, 2013 / 6:20 AM / 5 years ago

Japan's Toshiba posts weaker-than-expected Q3 profit gain

TOKYO, Jan 31 (Reuters) - Japan's Toshiba Corp posted a weaker-than-expected rise in quarterly operating profit on Thursday, as a weak global economic recovery and uncertainty in Europe offset buoyant orders for new thermal power stations.

Toshiba, which is the world's No. 2 maker of NAND flash memory chips used in Apple Inc's iPhones, posted an operating profit of 29.3 billion yen ($322 million) in the October-December quarter, up from 8.67 billion yen last year.

The results came in below an average forecast for a 47.6 billion yen profit estimated by four analysts polled by Thomson Reuters I/B/E/S.

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