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Friday, October 26, 2012

Taiwan's HTC sees lower revenue, margins in fourth-quarter

Taiwan's HTC sees lower revenue, margins in fourth-quarter

Oct 26, 2012 , 07:26 AM , from yahoo
taiwan's htc sees lower revenue, margins in fourth-quarter
TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp sees around a 14.5 percent fall in revenue in the fourth quarter from the previous three months, worse than analyst forecasts, while its margins will also decline, underlying the challenge it faces to rebuild in the face of stiff competition. The company said in a statement on Friday that it expects its fourth-quarter revenue to be about T$60 billion ($2.05 billion), down from T$70.2 billion in the third quarter and below expectations of T$74.0 billion in a poll of 23 analysts by Reuters. ...




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