Reuters: Technology News: Sharp forecasts bigger full-year operating loss

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Sharp forecasts bigger full-year operating loss Nov 1st 2012, 06:19 Tweet Share this Email Print Related News Sharp books $1.1 billion restructuring charge for Q2 2:24am EDT Analysis & Opinion Procter & Gamble earnings give CEO McDonald some relief Asian shares, euro higher on U.S. earnings, Spanish hopes The aftermath of Sandy showcased in a series of large format pictures.   Full Article  A logo of Sharp Corp is pictured at CEATEC JAPAN 2012 electronics show in Chiba, east of Tokyo, October 2, 2012. Credit: Reuters/Yuriko Nakao TOKYO | Thu Nov 1, 2012 2:24am EDT TOKYO (Reuters) - Japan's Sharp Corp, the struggling maker of Aquos TVs, increased its full-year operating loss forecast to 155 billion yen ($1.94 billion) from a previous 100 billion yen loss forecast. At a net level, Sharp slashed its full-year loss forecast to 450 billion yen from a previous forecast of 250 billion yen. Sharp said, however, it expects to post an operating profit in the current October-March second half, after losing 168.9 billion yen ($2.11 billion) in the first half year - a target that will allow its banks to justify a $4.6 billion bailout of the TV maker. Sharp reported a July-September operating loss of 74.8 billion yen, down from a 30.1 billion yen profit a year ago, as it booked a $1.1 billion charge for a restructuring it has promised in return for bank loans to keep it going. The average forecast by five analysts surveyed by Thomson Reuters I/B/E/S was for a quarterly operating loss of 50.4 billion yen. ($1 = 79.9300 Japanese yen) (Reporting by Tim Kelly; Editing by Ian Geoghegan) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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