Sharp's third-quarter profit up 38.5%, above estimates [Reuters]
SHARP CORP UNSP/ADR (SHCAY)
NASDAQ:AMEX Investor Relations:
sharp-world.com/corporate/ir
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Source: Reuters
Sharp's third-quarter profit up 38.5%, above estimates TOKYO (Reuters) - Japan’s Sharp Corp ( 6753.T ) on Tuesday reported a 38.5% increase in third-quarter operating profit thanks to gains at its smart appliance division and cost reduction efforts. Sharp, which makes sensors, camera modules and screens for Apple Inc’s ( AAPL.O ) iPhones, posted an operating profit of 29.4 billion yen ($270 million) for the October-December quarter, up from 21.2 billion yen a year prior. The result compared with a 22.98 billion yen average of six analyst estimates compiled by Refinitiv. Sharp, a unit of Taiwan’s Foxconn ( 2317.TW ), maintained its operating profit forecast for the year ending March at 100 billion yen, versus a consensus estimate of 85.20 billion yen from 10 analysts.
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