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Toshiba shares drop after sources say 3rd earnings postponement likely

Toshiba shares drop after sources say 3rd earnings postponement likely

Monday, April 3, 2017, 1:21 PM

Shares in Toshiba Corp tumbled on Monday after sources told that the troubled Japanese conglomerate would likely miss a third deadline to report its quarterly business results. Toshiba shares plunged as much as 9.4% in early morning trade, before trimming the loss to about 4%, compared with a slight gain in the Nikkei index.
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