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HTC Misses Estimates as One Phone Fails to Boost Sales

HTC Corp., the Taiwanese smartphone maker, posted second-quarter profit that missed analyst estimates as the release of its flagship One handset failed to reverse a slide in sales. Shares dropped their daily limit.

Net income fell to NT$1.25 billion ($42 million) in the three months ended June, the Taoyuan, Taiwan-based company said July 5. That’s down 83 percent from a year earlier and trails the NT$2.17 billion average of 19 analyst estimates compiled by Bloomberg.