Friday, July 27, 2007

Toshiba operating profit up, eyes steady prices

(Reuters) - Analysts expect earnings at Toshiba, which also competes with General Electric in nuclear reactors, to beat the company's current full-year outlook of an operating profit of 260 billion yen , short of a consensus estimate of 277.1 billion yen by 14 analysts polled by Reuters Estimates.




The average price of Toshiba's NAND-type flash memory remained level in April-June from the previous quarter. Toshiba may need to revise up its expectation for a 50 percent annual fall in prices of NAND for the business year, said Executive Vice President Fumio Muraoka.


Read more at Reuters.com Business News

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