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HTC returns to profit as sales improve in Q2

2014-07-03 15:03:00| Telecompaper Headlines

(Telecompaper) HTC reported second-quarter sales of TWD 65.06 billion, just meeting its outlook for revenues of TWD 65-70 billion. The smartphone maker posted an operating profit of TWD 2.43 billion and net profit of TWD 2.26 billion or TWD 2.74 per share. The figures showed a strong improvement on the first quarter of the year, when the company reported a net loss of TWD 1.88 billion on sales of TWD 33 billion. This is likely due to the launch of its flagship HTC One M8 phone and other new models. Revenues in June reached TWD 21.9 billion, down just 0.7 percent year-on-year and 4.1 percent higher than May. HTC will release audited quarterly results at a later date. 

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Samsung CFO warns of lacklustre Q2

2014-06-25 02:00:00| Total Telecom industry news

Lee Sang-hoon says earnings 'likely to not be good' amid concerns over slowing smartphone market.

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US: Tyson shares slide despite "record" Q2

2014-05-06 16:39:30| Food - Topix.net

Shares in Tyson Foods fell by almost 10% yesterday after a surge in earnings failed to meet analyst expectations.

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HTC forecasts stronger sales, return to profit in Q2

2014-05-06 11:15:00| Telecompaper Headlines

(Telecompaper) HTC said it expects to return to a profit in the second quarter, helped by new devices such as its flagship One M8 smartphones and new mid-range Desire phones. The Taiwanese company forecast quarterly revenue of TWD 65-70 billion, around double the Q1 figure of TWD 33 billion. The gross margin is expected to reach 21.3-22.0 percent, versus 21.0 percent in Q1, and EPS is estimated at TWD 2.21-3.00, after a loss of TWD 2.28 in Q1. HTC said it was seeing strong sales for the One M8 in its home market, as well as solid demand in China, India and the EMEA region. The new phone is also available with all four major carriers in the US, including a special edition with Sprint. The new Desire 816 has also launched in China and is starting to roll out to additional markets. 

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Qualcomm revenues rise 4% in Q2

2014-04-24 08:30:00| Telecompaper Headlines

(Telecompaper) Qualcomm's second-quarter revenues rose 4 percent year-over-year to USD 6.37 billion, in line with the company's outlook. Operating income for the three months to March was up 6 percent to USD 1.99 billion, net income increased 5 percent to USD 1.96 billion, and diluted earnings were USD 1.14 per share, up 8 percent from the prior year and better than expected. Operating cash flow declined 18 percent to USD 1.81 billion, and the chipmaker ended the quarter with cash of USD 32.1 billion. During the quarter, the company's MSM chip shipments rose 9 percent to 188 million units, and Qualcomm expects this to increase to 198-213 million in the fiscal third quarter. Revenues for the June quarter are expected flat to up 9 percent compared to a year ago, at USD 6.2-6.8 billion, while EPS will increase an estimated 9-20 percent to USD 0.98-1.08. Qualcomm maintained its outlook for 5-11 percent growth in annual sales and increased its EPS forecast, helped by its ongoing share buyback. 

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