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HTC forecasts slowdown in Q3 results

Thursday 31 July 2014 | 10:28 CET | News
HTC expects results to fall back in the third quarter, as the smartphone maker is unable to sustain the momentum of Q2 when it launched the new One M8. The company forecast sales of TWD 42-47 billion for Q3, versus TWD 65 billion in Q2. The gross margin is estimated at 22.5-33.0 percent, up slightly from 22.2 percent in the second quarter, and EPS is expected to drop to TWD 0.05-0.69 from TWD 2.74 in Q2. The company confirmed second-quarter results showing revenues nearly doubling on a sequential basis to TWD 65.1 billion and a return to operating profit of TWD 2.4 billion. HTC said the One

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Categories: Mobile & Wireless
Companies: HTC
Countries: World
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