Acer Net Misses Estimates on Dropping Sales, Market Share - Bloomberg
Acer Inc. (2353), Asia’s second-largest
computer maker, posted third-quarter profit that missed
estimates amid declining sales and market share as consumers
held off purchases ahead of the release of Microsoft Corp. (MSFT)’s
next Windows operating system this month.
Net income was NT$68 million ($2.3 million), the Taipei-
based company said in a statement last night. That compares with
the NT$503 million average of 18 analyst estimates compiled by
Bloomberg. Acer had a net loss of NT$1.1 billion a year earlier.
Consolidated sales fell 11 percent on year to NT$104
billion, Acer said yesterday. That’s less than the NT$110
billion average of 19 analyst estimates compiled by Bloomberg.
The third-quarter profit is wider than the NT$56 million it
posted in the prior three months.
Before last year, Acer’s quarterly net income hadn’t
dropped below NT$1 billion since 2003.
And the Tech hammer continues to hammer away. Tech which has led this rally for the last few years is telling you the slow down is coming. So in reality it is still leading.
Tread carefully.
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