Jul
03
New Smartphone Helps HTC Beat Profit Estimates
Posted in: Uncategorized
HTC Corp., Taiwan’s biggest smartphone maker, posted second-quarter profit that beat analyst estimates on demand for its marquee One M8 device.
Net income was $76 million in the three months ended June, the company said in a statement today. That compares with the $69 million average of 14 analyst estimates compiled by Bloomberg.
The HTC One M8, released in March as the company’s main product for the year, helped drive the largest monthly sales growth since 2011 in April. Earnings would return to profit for the June quarter with sales climbing throughout this year, Chief Financial Officer Chang Chialin told investors in a May 6 conference call.
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