AU Optronics (AUO) Could Turn Profits as Smartphone, LCD TV Demands Rise
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AU Optronics (NYSE: AUO) is looking strong today on reports it could ramp-up panel capacity sequentially.
Stemming from increased demand for smartphones and tablet PCs, AU, along with peer LG Display (NYSE: LPL), could turn profits by the third quarter, according to Digitimes.
AU has been decreasing capacity utilization from a range of 82 to 83 percent down to 80 percent through the third quarter so far. Strict inventory controls has led to a spat of huge losses for the panel maker.
LCD-branded monitor shipments should grow five to eight percent in the third quarter, with continued strength expected in tablets.
AU shares are 4.5 percent higher Wednesday.
Stemming from increased demand for smartphones and tablet PCs, AU, along with peer LG Display (NYSE: LPL), could turn profits by the third quarter, according to Digitimes.
AU has been decreasing capacity utilization from a range of 82 to 83 percent down to 80 percent through the third quarter so far. Strict inventory controls has led to a spat of huge losses for the panel maker.
LCD-branded monitor shipments should grow five to eight percent in the third quarter, with continued strength expected in tablets.
AU shares are 4.5 percent higher Wednesday.
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