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Investing.com -- Sharp Corporation raised its full-year operating profit guidance from ¥30 billion to ¥45 billion after reporting better-than-expected second-quarter results.
The Japanese electronics company posted an operating profit of ¥13.6 billion for the second quarter, exceeding analyst consensus estimates of ¥9.9 billion. The strong performance was driven by its smart life division, which includes appliances, TVs, and solar products, as well as its smart workplace segment that encompasses copiers and PCs.
These gains helped offset wider losses in the company’s display device segment.
Sharp’s revised full-year guidance, which surpasses the market consensus of ¥42 billion, reflects both the second-quarter beat and a less severe impact from tariffs than initially anticipated.
The company expects a decline in the second half compared to the first half, as the stronger-than-expected PC demand experienced in the first half is forecast to normalize.
Sharp is also advancing in negotiations with Hon Hai to sell its Kameyama No. 2 LCD plant. The facility is expected to be converted into a space for assembling AI servers for the Japanese market, along with production for Apple’s iPad and Mac products.
Additionally, the company is working on refinancing ¥350 billion in debt that will come due in 2026.
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