Taiwan’s Acer Q2 lower than forecast on tax settlement

Taiwan’s Acer Inc, the world’s No.3 PC vendor by shipments, lagged market forecasts by posting a net profit of T$56 million ($1.87 million) in the second quarter, impacted by a one-time tax settlement in Europe.

The company sees revenue in the third quarter flat from the previous quarter, it said in a statement on Friday.

“Acer will start shipping products for the launch of Microsoft Windows 8 in August and September, therefore anticipates revenues to rebound,” the company said.

Nineteen analysts had forecast Acer to post a net profit of T$550 million in the quarter, compared with T$331 million in the first quarter and a net loss of T$$6.79 billion in the same quarter a year earlier. ($1 = 29.9290 Taiwan dollars)

http://in.reuters.com/article/2012/08/17/acer-earnings-q-idINT8E8IJ01Z20120817

 

Category: Taiwan