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Olympus Posts FQ3 Loss

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Courtesy of Benzinga.

Olympus Corp (OTC: OCPNY) posted a net loss in the fiscal third quarter.

Olympus posted a quarterly net loss of Y756 million, versus a year-ago net profit of Y2.04 billion.

Olympus’ operating profit dropped to Y8.42 billion, versus Y9.66 billion, in the year-ago period. Its revenue surged to Y210.13 billion from Y206.69 billion.

Olympus expects a full-year net loss of Y32 billion.

Olympus shares closed at $16.20 on Friday.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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