NEC cuts profit forecast by 40 pct, IT business drags (Reuters)
TOKYO (Reuters) – Japan's NEC Corp on weekday slashed its full-year acquire prognosticate by 40 percent to beneath market expectations, citing weak sales in its IT services and personal machine and mobile sound operations.
The company cut its operating acquire prognosticate to 60 1000000000 yearning ($733 million) for the assemblage success March 31 from 100 1000000000 yearning previously.
That is beneath the cipher prognosticate of 86.8 1000000000 yearning in a poll of 14 analysts by composer Reuters I/B/E/S.
(Reporting by Chris Gallagher; Editing by Nathan Layne)
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