HTC Corp. (TPE:2498) reported lower-than-expected earnings for the fourth quarter of 2013. The Taiwanese smartphone manufacturer said its net income was NT$ 310 million or $10 million compares with NT$ 694 million average estimates of Wall Street analysts based on data compiled by Bloomberg. Its earnings per share was NT$0.38.
The Taiwanese smartphone manufacturer posted NT$ 1.56 billion operating loss (unaudited), lower than the NT $1.72 billion average operating loss estimated by analysts. HTC Corp (TPE:2498) had been reporting disappointing sales over the past nine quarters, and the fourth consecutive quarter that its profit missed analyst estimates.
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