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Sharp Posts FQ2 Net Loss

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Benzinga's M&A Chatter for Thursday January 21, 2016

Sharp (OTC: SHCAY) posted a net loss in its fiscal second quarter.

Sharp posted a quarterly net loss of Y249.1 billion ($3.11 billion), versus a year-ago net profit of Y9.4 billion.

Its revenue declined to Y645.5 billion. For the full year, the company now projects a net loss of Y450 billion, versus its August forecast for a loss of Y250 billion.

Sharp shares closed at $2.12 yesterday.

Posted-In: lossEarnings News Guidance


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