UPDATE: AU Optronics Reports Wider-Than-Expected Q2 Loss

AU Optronics Corp AUO swung to a second-quarter net loss. AU Optronics reported a quarterly net loss at NT$10.78 billion, versus a net profit of NT$11.25 billion, in the year-ago period. Analysts were expecting a net loss of NT$6.71 billion. Its revenue dropped 24% y/y to NT$98.05 billion from NT$128.59 billion. AUO shares gained 0.81% to close at $6.19 yesterday.