real-time news and commentary for investors
Friday, Oct 4
HTC Q3 results miss expectations; investors relieved they weren't worse
- HTC (HTCKF.OB) posted a wider-than-expected net loss of NT$2.97B ($101M) in Q3 (consensus of NT$1.71B). It is HTC's first loss since 2008.
- Revenue slumped 23% Y/Y to NT$54B. The sting was taken out of the results by the company's results warning in July (which guided for revenue of NT$50B-NT$60B), and shares traded up 1.5% in Taiwan on the official results.
- A Taipei analyst captured the confusion seeped into HTC's attempted reorientation: "HTC needs to figure out if it just wants to focus on the high-end market or the mid- to low-end segment, and right now it is missing out on both."
- Q4 promises to be difficult, with HTC planning only 1 new model vs. the much larger pipelines of competitors like Apple, Samsung, and Huawei.