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Sharp Corp Lowers Consolidated Full-year Outlook for FY 2013


Thursday, 1 Nov 2012 02:00am EDT 

Sharp Corp announced that it has lowered its consolidated full-year outlook for revenue from JPY 2,500,000 million to JPY 2,460,000 million, operating profit from a loss of JPY 100,000 million to a loss of JPY 155,000 million, ordinary profit from a loss of JPY 140,000 million to a loss of JPY 210,000 million, net profit from a loss of JPY 250,000 million to a loss of JPY 450,000 million and earning per share from a loss of JPY 227.21 to a loss of JPY 408.97, for the fiscal year ending March 2013. The Company lowered the outlook due to the impairment of production equipments and inventories, the record of extraordinary loss as well as the reversal of deferred tax assets, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 2,536.37 billion and net profit of JPY 13.05 billion. 

Company Quote

3.15
-0.09 -2.78%
29 Jul 2014