Acer Beats Market View with Surprise Profit

        0812 GMT [Dow Jones] Cost cutting helped Acer Inc (2353.TW) surprise the market with a first-quarter profit. Operating income rebounded owing to "effective control of inventory and cost," the company says. Net profit was 1 million New Taiwan dollars (US$33,000)--beating analysts expectations for a NT$1.17 billion net loss to follow its three consecutive quarters in the red. Revenue fell to NT$76.72 billion from NT$92.0 billion, the world's fourth-largest PC maker by shipments says. Its world-wide market share fell to 7.3% year over year in the quarter from 8.4%, research company Gartner says. (jenny.hsu@wsj.com)
        (END) Dow Jones Newswires

        May 08, 2014 04:12 ET (08:12 GMT)