Tuesday, January 31, 2012

Toshiba announces Q3 earnings: revenues down

In this long line of reports, Toshiba has arrived while announcing it's disappointing Q3 earnings. Toshiba pulled in nine percent less revenue coming in at $18.5 billion. What's even worse is that even while earning all this cash the electronics king lost $136 million for the fiscal third quarter of 2011. Every segment of the company saw a decrease including computers and appliances and it's normal projected earnings were cut in half. All these companies losing money, which one will be the first to fall?

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