Normally, quarterly earnings reports are rather dry. But for HTC, a company that has long struggled with making money, quarterly reports are pretty important. Today HTC’s Q2 earnings are out, and the company has shown its first profit in a year, pulling in NT$2.26 billion ($75 million). That’s a thin sliver of the NT$65 billion ($2.17 billion) in revenue, but ... Read More »
Tagged #HTC Q2 profits
The latest numbers from HTC show that $2.4 billion in revenue from Q2 2013 came in right on target. Profits grew from $2.8 million in Q1 to $41.63 million. While the quarter-to-quarter profit increase is a step in the right direction, investors will still be taking note of the 83 percent drop in profits from Q2 of 2012.
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For the third straight quarter, HTC’s revenue has surpassed analysts’ estimates. Revenue for the second quarter reached NT$124.4 billion while net income came in at NT$17.5 billion ($608 million), more than double what HTC posted last year for the same quarter. Sales of HTC’s Android phones are credited for the staggering growth numbers ... Read More »