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HTC's Q3 earnings show its first net loss for a quarter

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HTC's issues appear to have worsened, as the company announced its first-ever net loss for a quarter in Q3. According to the statement, it's notched a net loss of $101.2 million (NT$2.97 billion) on revenue of $1.6 billion. As we noted last quarter, a shrinking profit put the load on the new HTC One Mini, which has faced shortages, reportedly due to problems producing casings for the device. Of course, other bad news of late has included layoffs, investigations over stolen trade secrets and rumors the company will be sold. Adding insult to injury, while the folks at Samsung haven't released a detailed report yet, they're expecting yet another massive profit for the past quarter.

Show full PR text

HTC RELEASES UNAUDITED RESULTS FOR 3Q 2013
1.Date of occurrence of the event:2013/10/04
2.Company name:HTC Corporation
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):Head Office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
Taoyuan, Taiwan – October 4, 2013 – HTC Corporation (TWSE: 2498), a global leader in
mobile innovation and design, today announces unaudited consolidated results for 3Q 2013.
For the third quarter of 2013, total revenues reached NT$47.05 billion. Unaudited operating
loss was NT$3.50 billion, net loss before tax was NT$2.97 billion, net loss after tax was
NT$2.97 billion, and unaudited earnings per share after tax were -NT$3.58 based on 830,403
thousand weighted average number of shares.
6.Countermeasures:None

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

Source: HTC
Coverage: Reuters, Bloomberg
In this article: earnings, htc, loss, mobilepostcross, q32013
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