Japan's Sharp Corp on Monday said it would book an operating loss for April-September rather than a profit due to falling prices for smartphone displays, revealing little sign of a turnaround since a $1.7 billion bank bailout in May.
The electronics manufacturer expects to announce an operating loss of 26 billion yen ($215 million) when it reports earnings for the first half of the business year on Friday, instead of the 10 billion yen profit forecast in late July.
The company also lowered its full-year operating profit forecast to 10 billion yen from 80 billion yen. read more here