Reuters: Technology News: HTC second-quarter net profit lags forecasts

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HTC second-quarter net profit lags forecasts Jul 5th 2013, 08:02 Tweet Share this Email Print Related News Oracle's software sales disappoint, stock plummets Thu, Jun 20 2013 Analysis & Opinion Tracking Sensex: top gainers, losers in June quarter Why the RBI should cut rates again HTC smartphones are displayed in a mobile phone shop in Taipei April 8, 2013. Credit: Reuters/Pichi Chuang TAIPEI | Fri Jul 5, 2013 4:02am EDT TAIPEI (Reuters) - HTC Corp second-quarter net profit rose to T$1.25 billion ($41.63 million), lifted by strong sales of its latest smartphone model but the figure lagged analyst forecasts. The figure compared to a record-low net profit of T$85 million in the previous quarter and T$7.4 billion net profit in the same period last year. HTC was expected to post a net profit of T$2.02 billion, according to the average forecast of 20 analysts polled by Thomson Reuters I/B/E/S. Second-quarter revenue was T$70.7 billion, in line with the T$70 billion the company had forecast in May. Revenue in the first quarter was T$42.8 billion. Sales in June alone fell 26.4 percent to T$22.08 billion from the same period a year earlier. ($1 = 30.0265 Taiwan dollars) (Reporting by Clare Jim; Editing by Miral Fahmy) 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. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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