Sharp warns on earnings as takeover talks with Foxconn drag on

TOKYO (Reuters) – Sharp Corp said its annual earnings were likely to fall short of its official guidance citing a slowing China market, a factor that Taiwan’s Foxconn is expected to use to lower its offer for the loss-making Japanese display maker.The statement was in response to a report by the Yomiuri newspaper on Friday that Sharp could book an operating loss of “tens of billions of yen” for the year ending this month, mirroring a Reuters report earlier this week.
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