HTC releases Q3 results, profits continue to slide down

HTC released its unaudited Q3 financial results and the numbers show a net profit of $133.2 million and $2.4 billion in revenues.

Although a positive quarter it shows a serious decline from this year's Q2 when HTC achieved $3 billion in revenues and $273 million in profits. The numbers compare even less favorably to those from the same period of last year - in Q3 2011 HTC managed $4.54 billion in revenue with a net income of $625 million. This represents a YoY slow-down of about 79%.

Things could still pick up for HTC in Q4 as it coincides with the holiday season, the release of the HTC One X+ and the Windows Phone 8X and 8S.

Announcements

Posted Oct 8, 2012

HTC RELEASES UNAUDITED RESULTS FOR 3Q 2012

1.Date of occurrence of the event:2012/10/08

2.Company name:HTC Corporation

3.Relationship to the Company (please enter ”head office” or ”affiliate company”):Head Office

4.Reciprocal shareholding ratios:N/A

5.Cause of occurrence:Taoyuan, Taiwan–Octoboer 8, 2012–HTC Corporation (TWSE: 2498), a global leader in mobile innovation and design, today announces unaudited consolidated results for 3Q 2012. For the third quarter of 2012, total revenues reached NT$70.2 billion. Unaudited operating income was NT$4.9 billion, net income before tax was NT$4.0 billion, net income after tax, excluding minority interest, was NT$3.9 billion, and unaudited earnings per share after tax were NT$4.70 based on 831,227 thousand weighted average number of shares.

6.Countermeasures:None

7.Any other matters that need to be specified:None

Source | Via