An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
August 3, 2012 12:39 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lBOU-uUCBqw/
Competition Weighs Down HTC In Q2: Sales Drop 27% To $3B; Operating Profit, EPS Down By 57%
HTC has posted its Q2 numbers and they're not pretty. While numbers were up on Q1, the Taiwanese Android/Windows Phone smartphone maker saw declines in nearly every line of earnings compared to the same quarter a year ago. Revenues were 91.04 billion Taiwan dollars ($3 billion), down nearly 27% on Q2 2011 (and missing consensus analyst expectations); gross profit was down by more than 30% to NT24.59 billion ($819 million); operating profit down by over 57% to NT8.2 billion ($273 million). Earnings per share were also down by nearly 57% to NT8.9 ($0.30) per share.HTC also provided a sober look at the quarter ahead. It expects that in Q3 revenues will drop even further toNT$70-80 billion ($2.3-2.7 billion), with the gross margin also dropping down to 25%, and the operating margin also coming down to 7%.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lBOU-uUCBqw/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch