(Reuters) - The company expects operating profit to rise 86 percent to
130 billion yen in the current business year, though that is
below the market consensus of 140.71 billion yen from 15 analysts
polled by Reuters Estimates.
Last year, NEC unnerved investors by restating its earnings
three different times. It had to correct past earnings after it
discovered an employee had inflated sales figures, and then
switched from U.S. to Japanese accounting rules in November. It
later had to correct its figures due to human error.
Read more at Reuters.com Market News
130 billion yen in the current business year, though that is
below the market consensus of 140.71 billion yen from 15 analysts
polled by Reuters Estimates.
Last year, NEC unnerved investors by restating its earnings
three different times. It had to correct past earnings after it
discovered an employee had inflated sales figures, and then
switched from U.S. to Japanese accounting rules in November. It
later had to correct its figures due to human error.
Read more at Reuters.com Market News
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