UPDATE 1-Japan's Sharp beats Q2 profit expectations on laptop business [Reuters]
SHARP CORP UNSP/ADR (SHCAY)
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Source: Reuters
Japan's Sharp beats second-quarter profit expectations on laptop business - Reuters 2 Min Read TOKYO (Reuters) - Japan’s Sharp Corp ( 6753.T ), an Apple ( AAPL.O ) supplier, posted a profit that beat expectations and was its first rise in five quarters, driven by the strength in the laptop business it bought from Toshiba ( 6502.T ). Sharp, which makes sensors, camera modules and screens for Apple’s iPhones, posted an operating profit of 22.3 billion yen ($206.54 million) for the second quarter ended September, up from 22.2 billion yen a year prior. That compared with a 19.65 billion yen average of 4 analyst estimates compiled by Refinitiv. Sharp, a unit of Taiwan’s Foxconn ( 2317.TW ), maintained its profit forecast for the year ending March at 100 billion yen, versus a consensus estimate of 82.23 billion yen from 10 analysts. Sharp took over Toshiba’s loss-making laptop unit last year and turned it around, making it a major profit contributor, in a push to regain global prese
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