htc q2 earnings report marks fifth consecutive quarter of net loss

To say HTC’s mobile business has been facing a tough time lately would be an understatement. The company has recorded several quarters of net losses and was recently banned from selling its devices in the UK market over a patent dispute. Now the HTC’s Q2 earnings report is in and it brings more bad news.

This time around the quarterly net loss after tax comes in at TWD2.3 billion ($73 million) which is slightly better than its Q1 results which showed a TWD2.4 billion ($76 million) money bleed. HTC’s earnings per share was negative TWD2.71 ($0.09). Operating profits also shrunk from…

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Link: https://www.gsmdb.com/gsmarena/htc_q2_earnings_report_marks_fifth_consecutive_quarter_of_net_loss-news-38654.php