HTC Forecasts Wider Loss Amid Struggle to Reverse Sales Drop
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HTC Corp. forecast a wider-than-estimated loss and sales that will miss estimates as the Taiwanese smartphone maker struggles to turn around revenue amid a decline in market share.
First-quarter loss per share will be NT$2.10 to NT$2.60, the company said in a statement today, wider than the average NT$0.88 per share loss estimates of 18 analysts compiled by Bloomberg. A sales outlook of NT$34 billion ($1.1 billion) to NT$36 billion is less than the NT$39.3 billion average of 17 analyst estimates compiled by Bloomberg.