Thursday, liquid crystal display panel maker AU Optronics Corp. (AUO) reported a loss for the second quarter, as revenues plunged year-on-year. On a per share basis, loss was 10 US cents lower than analysts' estimates.
Net loss for the quarter was NT$6.6 billion, or US$201 million, compared with net income of NT$20.39 billion, or US$672 million, in the prior-year period.
Net loss attributable to equityholders of the parent was NT$6.8 billion, or US$208 million, compared to net income attributable to equity holders of was NT$20.17 billion a year earlier.
On a per-share basis, loss was NT$0.80, or US$0.24 per ADR unit. Basic earnings per share for the last year second quarter was NT$2.57, or US$0.84 per ADR unit.
Analysts polled by Thomson Reuters expected the company to report a loss of US$0.34 per share. Analysts' estimates typically exclude special items.
Consolidated revenue for the quarter plunged to NT$82.5 billion, or US$2.5 billion, from NT$123.48 billion, or US$4.1 billion, in the second quarter of 2008.
For the first half of 2009, net loss was NT$26.8 billion, or US$818 million, compared with net income of NT$47.4 billion, or US$1.56 billion, in the year-ago period.
On a per basic share basis, loss was NT$3.19, or US$0.97 per ADR unit, compared with earnings of NT$5.98, or US$59.77 per ADR unit.
Consolidated revenues for the first-half decreased to NT$133.2 billion, or US$4.1 billion, from NT$260.11 billion, or US$8.57 billion, in the same period last year.
Wednesday, AUO closed regular trading session at US$11.78 on the NYSE.
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