Last updated: February 20. 2013 4:29AM - 1157 Views

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(AP) Japanese electronics maker Sharp Corp. has reduced its quarterly losses but its outlook remains challenging.


The Osaka-based maker of Aquos TVs left its forecast for the full year ending March unchanged Friday at a 450 billion yen loss ($5 billion) as its flat-panel business for TVs and mobile devices gets hammered by plunging prices and intense competition.


Sharp reported a 36.7 billion yen ($399 million) net loss for the October-December period, a smaller flow of red ink than its 173.6 billion yen loss a year earlier.


It posted an operating profit for period, the first time in five quarters. The operating result excludes one-time gains and losses to provide a clearer picture of financial performance


Quarterly sales rose 15 percent to 678.2 billion yen ($7.4 billion).


Associated Press
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