Market Overview

HTC Q4 Net Profit Drops 91%

HTC (OTC: HTCKF) reported a 91% drop in its fourth-quarter net profit.

HTC's quarterly net profit declined to $1.00 billion New Taiwan dollars ($34.4 million), versus NT$10.94 billion, in the year-ago period. However, analysts were expecting a profit of NT$666 million.

Its revenue fell 41% to NT$60 billion, versus NT$101.42 billion.

Posted-In: profitEarnings News

 

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