Sharp Poised to Miss First-Half Forecast, Cut 2016 Target

Updated on
  • Worsening earnings adds to pressure for sale of LCD business
  • Need for quick deal said to favor Hon Hai as buyer of LCDs

Sharp Corp. will miss its first-half profit forecast and is poised to lower its target for the full year as rising competition among suppliers of liquid-crystal displays pushes down prices, a person familiar with the matter said. Its shares fell the most in more than four months.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.