HTC Will Stop Providing Earnings Guidance Following $139M Loss

HTC Will Stop Providing Earnings Guidance Following $139M Loss

HTC's latest financial results are out, and the struggling Taiwanese company is still struggling after posting a net loss of NT$4.5 billion on revenue of NT$21.4 billion for Q3 2015.br The company dropped back into the red in Q2, with a NT$5.1 billion net loss, following some very slimly profitable quarters.br Off the back of those consecutive losses, and a dismal year in general, HTC said it will no longer provide financial guidance for its business going forward.br Speaking on an analyst call, Chialin Chang - CFO and president of global sales - said the decision was based on "the dynamic nature of this business year" and, he claimed, similar moves from other public companies in Taiwan.


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Uploaded: 2015-10-30

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