Tokyo - Japanese electronics company NEC Corp lowered its earnings estimates for the full year through March as slowing markets caused sluggish sales of its computers and mobile phones.

NEC revised its net profit estimate to 15 billion yen (148.08 million dollars) from an initial projection of 35 billion yen.

The company cut its sales projection to 4.6 trillion yen from 4.8 trillion yen.

For the first six months through September, NEC estimated sales of 2.13 trillion yen, down from 2.15 trillion yen, while it saw a net profit of 2 billion yen from stock sales gains.

The company initially projected a 4-billion-yen loss. (dpa)