Toshiba Corp. sank into the red in the third quarter and expects a loss for the full year as the global economic crisis sinks sales of digital products and home appliances.
The Tokyo-based electronics company Thursday reported a net loss of 121 billion yen ($1.36 billion) for the October-December quarter, plummeting from the 80.5 billion yen profit it booked in the same period the year before.
Toshiba also posted an operating loss of 158 billion yen ($1.78 billion) from a 42.1 billion yen operating profit a year earlier, with sales declining 79 percent to 1.49 trillion yen ($16.72 billion).
Toshiba, one of many Japanese exporters hurt by the …

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