Sharp Corporation announced earnings results for the first quarter of fiscal 2013. For the quarter, the company posted a significantly wider net loss of JPY 138.4 billion compared with a JPY 49.28 billion loss last year. Net sales for the quarter were JPY 458.6 billion, a 28.4% decrease from JPY 640.35 billion in the prior-year period. The company provided earnings guidance for the fiscal year 2013. For the year, the company now projects net loss of JPY 250.0 billion or JPY 227.21 per share, on net sales of JPY 2.50 trillion.