HTC Sees Revenue and Profit Beating Estimates as M8 Drives Sales
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HTC Corp. forecast sales and profit above analyst estimates as demand for the Taiwanese smartphone maker’s marquee and mid-end devices helps revive sales.
Second-quarter net income will be NT$923 million ($31 million) to NT$3.46 billion with sales of as much as NT$70 billion, the Taoyuan, Taiwan-based company said in an exchange statement. The top of the earnings range would be the highest since 2012 and both projections exceed analyst estimates for profit of NT$577 million on sales of NT$57 billion.