Deals
Acer Posts First Loss in a Decade; 2011 Profit ‘Impossible’
This article is for subscribers only.
Acer Inc. reported its first loss in almost a decade and said making a full-year profit will be “impossible” as plunging sales prompted the world’s fourth-largest computer maker to write off inventory and cut jobs.
Second-quarter net loss was NT$6.8 billion ($234 million), the Taipei-based company said in a statement today, compared with profit of NT$3.6 billion a year earlier. The average of 17 analysts’ estimates compiled by Bloomberg was for a net loss of NT$2.1 billion.