HTC Forecasts Drop in Sales, Missing Analyst Estimates
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HTC Corp., Asia’s second-largest smartphone maker, forecast a record drop in sales amid continued market share declines.
Third-quarter revenue will be NT$70 billion ($2.3 billion) to NT$80 billion, the Taoyuan, Taiwan-based company said today. Revenue is expected to miss analysts’ estimates for a fifth consecutive quarter, with the average of 10 estimates compiled by Bloomberg in the past 28 days at NT$87 billion.