AU Optronics Sales Fall 17.5% (AUO)

Hsinchu, Taiwan-based AU Optronics Corp. AUO released financial results on Thursday morning. AU Optronics Corp reported a 4th quarter net loss of $393 million, or 45 cents per share. AU Optronics Corp reported that its revenue fell 17.5% to $3.52 billion. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 11 cents per share, on revenue of $3.9 billion. AU Optronics Corp. (AUO) closed the previous trading day at $10.00 per share. Analysts covering the company's stock give it a consensus price target of $8.20 per share. AU Optronics Corp is a global leader of thin film transistor liquid crystal display panels (TFT-LCD), with global operations in Taiwan, Mainland China, Japan, Singapore, South Korea, the U.S., and Europe. Read more from Benzinga's Company news.