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HindustanTimes Wed,17 Sep 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.

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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.


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