February 15, 2012 10:33 am EDT

Acer Financials: meager 2011 Q4 profit, massive annual loss

Acer was hoping for the gloom to lift after two bad quarters, but it can hardly call its latest financials stellar. It scraped a slender $2.4 million profit in the quarter, which wasn't enough to prevent the company posting an overall annual loss of $212 million. It blamed one off charges and operational and strategic adjustments (though no mention of the impending war with Lenovo over Gianfranco Lanci) for the bad year. The terse release (after the break) claims the business is becoming "more healthy and stable," which is a good way to paint a quarter-on-quarter drop of 98.4 percent turnover.

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Acer Financials: meager 2011 Q4 profit, massive annual loss originally appeared on Engadget on Wed, 15 Feb 2012 05:33:00 EDT. Please see our terms for use of feeds.

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