real-time news and commentary for investors
Thursday, Sep 5
HTC revenues slide 45% in August
- Shares of HTC (HTCKF.OB) slump in Taipei as August revenue reportedly falls 45% Y/Y to $443.3M.
- The numbers show a 16% decline from July.
- "HTC’s September sales will have to grow 60% M/M to meet the low end of its third-quarter guidance," one analyst tells WSJ.
- Many analysts now expect the company to post a loss for the year.