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Acer swings to profit in Q3

Oct. 23, 2012 (China Knowledge) - Taiwan-based Acer Inc, a leading PC vendor in the world, has posted NT$68 million or US$2.3 million-net profit for the third quarter of this year, compared to a net loss of NT$1.1 billion it suffered in the same period of last year.

The profit for Q3 this year was lower than the forecast of NT$462.5 million estimated by 17 analysts at FactSet.

In the three month ended Sep 30, 2012, the Taiwan-based PC vendor saw its revenue decline 11.4% from a year earlier to NT$104.4 billion.

Acer earlier announced that its net profit for Q1 and Q2 of this year reach NT$331 million and NT$56 million, respectively.

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