First working loss in firm historical past regardless of robust gross sales of HTC One
HTC has simply launched its preliminary unaudited monetary outcomes for the 1/3 quarter of 2013, and the corporate has posted an working lack of over $ one zero one million (NT$ 2.ninety seven billion). Simply as it warned back in July, this is HTC’s first operating loss in company history and it wasn’t even close to breaking even. Here’s how the quarter’s financials break down:
- Total revenues of $ 1.6 billion (NT$ 47.05 billion)
- Operating loss before tax of $ 119.4 million (NT$ 3.50 billion)
- Operating loss after tax of $ 101.3 million (NT$ 2.97 billion)
- Earnings per share after tax of -$ 0.12 (-NT$ 3.58)
Compare that to earnings in Q2 2013 that hit its own estimates with $ 2.35 billion (NT$ 70.7 billion) in revenues, $ 42 million (NT$ 1.25 billion) in operating income and earnings per share of $ 0.05 (NT$ 1.50). That’s quite the downturn, and even though the company predicted it, it still hurts when the numbers finally come through.