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Toshiba Posts Quarterly Loss
Oct 30, 2008
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Toshiba Corp. posted a loss in the July-September quarter. The loss was 26.85 billion yen (approx. $272.8 million), a sharp downturn from the 25.0 billion yen ($254 million) profit it booked during the same period last year. Sales declined 7% to 1.88 trillion yen ($19.1 billion), while operating profit plummeted 99% to 707 million yen ($7.3 million).

The quarter's biggest casualty was the electronic devices segment, which reported an operating loss of 29.3 billion yen ($302.8 million). Its home appliance segment also lost money, it said.

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