Watch The Consumer Electronics Group Following Toshiba's Raised Outlook

Toshiba Corp (USA) TOSYY boosted its earnings forecast for full-year 2016 to yen 34.25 a share on sales of yen 5.4 trillion. Following this, investors are likely keenly watching the consumer electronics space for a similar move from its peers.

A few days back, Toshiba boosted its EPS outlook from yen 20.08 to yen 27.16 for the six-month period of April–September. The Japanese firm also lifted its net sales forecast from yen 2.55 trillion to yen 2.58 trillion. The company merited the adjustments on strong results from its storage and electronic devices solutions.

In the memory business, Toshiba is also witnessing an increased demand for smartphones. Price levels remained positive. As far as HDD is concerned, prices remained strong on continued robust demand driven by PCs and gaming devices.

A Few In Focus

• HP Inc HPQ to announce its results on November 22. Analysts expect EPS of $0.36 on revenue of $11.89 billion.
• Infineon Technologies AG (ADR) IFNNY has also not disclosed any revision.
• LG continued to face worries on mobile.
• MITSUBISHI MOTOR C NPV MMTOF has not disclosed any revision in forecast.
• Panasonic Corporation (ADR) PCRFY slashed its operating profit guidance by 21 percent citing the drop in the businesses of solar panels and electronic components.
• Samsung is facing recalls issue.
• Sharp Corporation (ADR) SHCAY reported operating profit for the first time in three years.
• Siemens AG (ADR) SIEGY has not announced any revision in expectations.
• Sony Corp (ADR) SNE reported profit miss for the second quarter on November 1.
• Western Digital Corp WDC delivered an earnings beat for the September quarter. Analysts boosted their EPS estimates from $1.25 a month ago to $1.89 for the December quarter. The company closed its acquisition of SanDisk in May.