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Acer swings to surprise loss in Q2, lagging forecasts

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.

business Updated: Aug 07, 2013 16:15 IST

Reuters
Hindustantimes
         

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.



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.

First Published: Aug 07, 2013 16:13 IST

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