HTC Quarterly Sales Beat Estimates, Says Growth to Continue

HTC Corp., Asia’s second-largest smartphone maker, posted sales that beat analysts’ estimates for a third quarter and said growth will continue as demand in the U.S. and Asia remain strong. Shares rose in Taipei trading.

Second-quarter revenue was NT$124.4 billion ($4.3 billion) and shipments met the company’s 11 million-unit target, Winston Yung, chief financial officer of the Taoyuan, Taiwan-based company, said by phone today. Sales more than doubled from a year earlier, and surpassed the NT$118.9 billion average of 20 analysts’ estimates compiled by Bloomberg.