AU Optronics Corp. said its normalized net income for the first quarter amounted to a loss of 31 Taiwan cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 40 cents per share.
The per-share result swung to a loss from the prior-year profit of 55 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$2.95 billion, compared with income of NT$5.50 billion in the prior-year period.
The normalized profit margin declined to negative 4.4% from 5.8% in the year-earlier period.
Total revenue declined 25.4% year over year to NT$71.14 billion from NT$95.30 billion, and total operating expenses declined 11.7% from the prior-year period to NT$76.23 billion from NT$86.35 billion.
Reported net income came to a loss of NT$5.49 billion, or a loss of 57 cents per share, compared to income of NT$5.07 billion, or 51 cents per share, in the prior-year period.
As of May 13, US$1 was equivalent to NT$32.68.
