Advertisement

HindustanTimes Fri,29 Aug 2014

Acer swings to surprise loss in Q2, lagging forecasts

Reuters  Taipei, August 07, 2013
First Published: 16:13 IST(7/8/2013) | Last Updated: 16:15 IST(7/8/2013)

Acer Inc, the world's No.4 PC vendor, unexpectedly swung to a net loss of T$343 million in the second quarter from a T$56 million profit year ago.

Advertisement



Sixteen analysts polled by Thomson Reuters I/B/E/S had forecast a median profit of T$213.4 million for the quarter.

Acer also reported an operating loss of T$613 million, which it attributed largely to increasing expenses on investments to strengthen its industrial design capability, according to a statement on Wednesday.


Advertisement
more from Business

HTC mobiles official sponsor of Kings XI Punjab

HTC Mobiles on Friday said it has become an official sponsor for Kings XI Punjab, one of the eight cricket teams of IPL. The sponsorship comes ahead of the sixth edition of the Champions League scheduled to be held from September 13 2014.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved