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See the best of Reuters photography. See more | Photo caption London Olympics Highlights from day five of the Olympics. Slideshow Solar India Life in a remote Indian village used to grind to a standstill as darkness descended. The arrival of solar power last year changed all that. Slideshow Sharp posts first-quarter earnings loss, slashes annual forecast Tweet Share this Email Print Related News Japan's Hitachi first-quarter beats forecast, warns of China pain Mon, Jul 30 2012 Smartphones power record Samsung profit of $5.9 billion during Apple lull Fri, Jul 27 2012 Sharp to cut thousands of jobs: Nikkei Mon, Jul 23 2012 REFILE-UPDATE 2-Sharp to cut thousands of jobs -Nikkei Mon, Jul 23 2012 For Asia's tech giants, clouds before the windows Mon, Jul 23 2012 Related Topics Tech » Media » A man looks at Sharp Corp's Aquos TVs displayed at an electronics store in Tokyo August 2, 2012. Credit: Reuters/Yuriko Nakao TOKYO | Thu Aug 2, 2012 2:14am EDT TOKYO (Reuters) - Sharp Corp, which posted its worst net loss in a century in the last financial year, reported a first-quarter loss as waning TV demand and an overcapacity at its main liquid crystal display plant continued to weigh on earnings. In the three months to June 30, Sharp swung to an operating loss of 94.1 billion yen ($1.20 billion) from a 3.5 billion-yen profit a year earlier. That was deeper than the average 44.4 billion-yen loss estimated by five analysts surveyed by Thomson Reuters I/B/E/S. The manufacturer of Aquos TVs also slashed its forecast to a full-year operating loss of 100 billion yen, from its earlier estimate for an operating profit of 20 billion yen. That compares with the average estimate for an operating loss of 18.2 billion yen in a poll of 16 analysts surveyed by Thomson Reuters since the company released its full year results in May. Sharp is considering its first major layoffs that a source familiar with the matter told Reuters could be as many as 5,000 people. The company in March also agreed to sell a 46.48 stake in its Sakai LCD plant to Taiwan's Hon Hai Precision Industries, part of the Foxconn Group, in a bid to isolate itself from the losses at the facility in western Japan. Hon Hai, a major supplier to Apple Inc, is purchasing new shares in Sharp worth 66.9 billion yen, giving it an 11 percent stake in Japan's last major fabricator of LCD panels for TVs. ($1 = 78.2400 Japanese yen) (Reporting by Tim Kelly; Editing by Ryan Woo) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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