Toshiba Q3 Profit More Than Doubled On The Smart Phone

Jan. 31, 2011 - PRLog -- Japan’s Toshiba Corp. ‘s quarterly profit more than doubled, reflecting a boom in sales of NAND flash memory chips and LCD screens as tablets and smartphones, but has captured the outlook for the full year. South Korean rival Samsung Electronics.

Which last week announced its weakest performance in six quarters also expected to benefit this year, a burgeoning demand for smartphones and tablets. “Smartphones are selling well, the demand (Toshiba), a strong memory products,” said Tomomi Yamashita, fund manager at Shinkin Asset Management.

Toshiba President and CEO Norio Sasaki, who took about 18 months ago, has promised to clarify the sprawling conglomerate, and took a hard line for the costs of various activities of the NPP in power. Toshiba, the chip of the world’s second-largest NAND, lowers full-year sales targets.

But raised its revenue and profit before tax is expected to increase due to the non-operating income. It maintained its forecast of profit for the full year. “Even though the company has so far reported earnings higher than originally estimated, largely due to healthy performances memories, LCD, PC and operating system LSIs direction is uncertain at this stage,” the company said in a statement .

Toshiba has left its year operating profit is expected unchanged at 250 billion yen (3.05 billion dollars), compared to an average estimate of ¥ 269.9 billion based on 22 analysts surveyed by Thomson, I / B / I / O The lowered its full-year sales outlook to 5.7 per cent to 6.6 trillion yen but increased net income is expected 100 billion yen from 70 billion yen.

Read more @ http://www.epressreleasesite.com/2011/01/toshiba-q3-profi...

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