Sharp extends slide after hitting 36-year closing low

Reuters News
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Posted: Aug 02, 2012 9:27 PM
Sharp extends slide after hitting 36-year closing low

TOKYO (Reuters) - Shares of Sharp Corp shed 7.3 percent to 179 yen on Monday morning, extending Friday's 28 percent slide after it reported a first-quarter loss and revised its forecast to a full-year operating loss of 100 billion yen ($1.27 billion).

Sharp had previously expected a 20 billion yen operating profit. ($1 = 78.5950 Japanese yen)

(Reporting by Dominic Lau; Editing by Chang-Ran Kim)