HTC profit disappoints analysts
HTC’s fourth quarter earnings disappointed analysts, despite the firm returning to profit during the period.
The Taiwanese smartphone vendor generated net profit of TW$310 million (€7.6 million), well down on the TW$1 billion it made in 4Q12, but up from a TW$2.9 billion loss in 3Q13.
Sales of TW$42.8 billion in 4Q13 were down from TW$60 billion in 4Q12, and earnings per share fell to TW$0.38 in the recent quarter from TW$1.21 in 4Q12.
Despite returning to profitability, the figure falls well short of analyst predictions of a NT$721 million profit, Reuters reports.