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HTC Falls to Decade Low on Loss Forecast Five Times Estimate

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HTC Corp. plunged by the daily limit after its forecast for a loss five times the average of estimates spurred analysts to slash their valuations of the stock.

Shares slumped 10 percent to NT$63 in Taipei on Friday, closing at their lowest in more than a decade. The smartphone maker’s third-quarter loss will be NT$5.51 to NT$5.85 per share, compared with the NT$1.17 per share loss estimated by analysts. Its sales forecast given Thursday is as much as 48 percent below estimates.