Nov. 1 (Bloomberg) -- Sharp Corp., the world’s worst- performing major stock, said there was “material doubt” about its ability to survive after forecasting a record $5.6 billion full-year loss on falling demand for its display panels.
The net loss will probably be 450 billion yen in the year ending March 31, the Osaka-based TV maker said in a statement today, scrapping its earlier projection for a 250 billion-yen loss. The new forecast compares with the 296 billion-yen loss average of 17 analyst estimates compiled by Bloomberg.
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