Sharp sounds profit warning
Tokyo
SHARP Corp said its annual earnings were likely to fall short of its official guidance citing a slowing China market, a factor that Taiwan's Foxconn is expected to use to lower its offer for the loss-making Japanese display maker.
The statement was in response to a report by the Yomiuri newspaper on Friday that Sharp could book an operating loss of "tens of billions of yen" for the year ending this month, mirroring a Reuters report earlier this week. Sources have told Reuters that Sharp will likely book an annual loss of that scale rather than the 10 billion y…
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