Japan's Sharp posts fifth straight quarterly profit

Reuters News
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Posted: Jan 31, 2018 1:19 AM

TOKYO (Reuters) - Japan's Sharp Corp, an Apple Inc supplier, reported on Wednesday its fifth consecutive quarterly net profit, boosted by gains in its television and liquid-crystal display (LCD) businesses.

Sharp, which is controlled by Taiwan's Foxconn, posted a net profit of 20.6 billion yen ($189.5 million) in October-December.

The result compared with the 19.14 billion yen average of estimates by five analysts surveyed by Thomson Reuters.

(Reporting by Minami Funakoshi; Editing by Muralikumar Anantharaman)