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HTC first quarter earnings fall a not awesome 30 percent

Laura June

HTC's unleashed a barrel of bad news on the world today with their first quarter earnings statement. The company's profits fell 30 percent during that period, with a net of NT$4.89 billion -- $148 million -- down from NT$6.94 billion (or $210 million) at the same time last year. HTC still managed to best analysts estimates (shows what they know) which forecast that the company's earnings would be in the area of NT$4.64 billion ($140 million). HTC said that the profits fell in part to missed product shipping deadlines, which have been pushed into April. And the recession continues...

[Via MocoNews]
(Warning: Read link is a PDF)

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