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The Boston Globe

Business

Sharp cites material doubt it can survive after loss widens

TOKYO — Sharp Corp., the world’s worst-performing major stock, said Thursday that there is ‘‘material doubt’’ about its ability to survive after forecasting a record $5.6 billion full-year loss on falling demand for its display panels.

The net loss will probably be $347.69 billion in the year ending March 31, the TV maker said, scrapping its earlier projection for a $193 billion loss.

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