Acer posts Q3 operating loss

Thursday 5 November 2015 | 12:00 CET | News
Acer announced revenues of TWD 67.24 billion (USD 2.03 billion) for the third quarter, up 11.7 percent from the second quarter. Net profit of TWD 191 million or TWD 0.06 was also up from the previous quarter, the company said without providing further figures. The gross margin fell 2.4 percent quarter-over-quarter to 8.1 percent due to promotional activities carried out in the face of strong competition, resulting in an operating loss of TWD 704 million for the quarter. Acer said it will continue to optimize operations to enhance efficiency, and to formulate effective product mix strategies

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Categories: IT / Mobile & Wireless
Companies: Acer
Countries: World
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