Sharp (SHCAY.PK +9%) gains today after saying it's October-March operating profit will come in...

|About: Sharp Corp. ADR (SHCAY)|By:, SA News Editor

Sharp (SHCAY.PK +9%) gains today after saying it's October-March operating profit will come in well above forecasts. The company likely generated slightly more than ¥20B ($200M) in group operating profit in the October-March period, surpassing the standing projection of ¥13.8B, thanks to such factors as payroll cutbacks and increased sales of LCD panels to Samsung Electronics.