Japan's Sharp forecasts $4.7 bn full-year loss

TOKYO — Japanese electronics giant Sharp said on Tuesday it would report a full-year loss of about $4.7 billion, as the firm struggles to turn around its sagging liquid crystal display television business.

The company, which will report its results later this month, said it was now forecasting a shortfall of 380 billion yen ($4.7 billion) for the year to March, up from an earlier forecast loss of 290 billion yen. Source