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Company News

Taiwan's Acer posts 62 pct rise in Q1 profit yr/yr

TAIPEI, April 29 (Reuters) - Acer Inc 2353.TW, the world's No.2 PC vendor, reported slightly better-than-expected quarterly earnings on Thursday, amid rising PC demand globally.

Acer booked a net profit of T$3.29 billion ($105 million) in January-March, compared with T$2.03 billion the same period a year earlier and T$3.52 billion in the fourth quarter of 2009.

Analysts were expecting a net profit of T$3.23 billion in the first quarter, according to Thomson Reuters I/B/E/S. (US$1=T$31.4) (Reporting by Baker Li and Roger Tung, Editing by Jonathan Standing)

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