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This is an archive article published on August 24, 2011
Acer Q2 loss exceeds forecasts,sees improvements
Taiwan8217;s Acer Inc reported a worse-than-expected quarterly loss,the first in its company history,hurt by one off charges. The world8217;s No.2 PC vendor posted a net loss of T6.79 billion 234.32 million in April to June,above a consensus forecast of a T3.3 billion loss from six analysts polled by Reuters. The figure also compared with a hellip;
Taiwan8217;s Acer Inc reported a worse-than-expected quarterly loss,the first in its company history,hurt by one off charges.
The world8217;s No.2 PC vendor posted a net loss of T6.79 billion 234.32 million in April to June,above a consensus forecast of a T3.3 billion loss from six analysts polled by Reuters.
The figure also compared with a net profit of T1.19 billion in the first quarter and a net profit of T2.65 billion in the same quarter a year earlier.
Acer attributed the big loss to 150 million in charges to clear channel inventory in Europe,30 million for a reorganisation in Europe,inventory clear-up due to a sluggish economic situation and senior executive severance pay. In Q3 2011,Acer expects revenue growth and improved gross margin quarter-on-quarter. As for Q4 2011,Acer anticipates a stable business operation and better gross margin from Q3,the company said in a brief statement.
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