HTC Q4 Numbers Drop, Issues Bleak Q1 Outlook on Increased Competition
High Tech Computer Corp. (HTC) Monday reported a sour quarter and gave an even more dismal outlook.
The competitor of Samsung, ZTE, Motorola (NYSE: MMI), Apple (Nasdaq: AAPL), Nokia (NYSE: NOK), and others, said fourth-quarter 2011 revs fell 2.5 percent to NT$101.42 billion while EPS fell 28.5 percent from NT$18.26 during the same quarter last year to NT$13.06.
Gross profit margins shrank from 30 percent down to 27.1 percent.
Looking ahead, HTC sees first-quarter revs of NT$65 billion to NT$70 billion, significantly lower than fourth-quarter numbers and the NT$84 billion expected by analysts. Gross margins should further consolidate to about 25 percent.
CFO Winston Yung said most of the weakness for its first-quarter outlook came from increasing competition from Apple and Samsung in the U.S. market.
HTC ended Monday's session down about 5.2 percent.
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The competitor of Samsung, ZTE, Motorola (NYSE: MMI), Apple (Nasdaq: AAPL), Nokia (NYSE: NOK), and others, said fourth-quarter 2011 revs fell 2.5 percent to NT$101.42 billion while EPS fell 28.5 percent from NT$18.26 during the same quarter last year to NT$13.06.
Gross profit margins shrank from 30 percent down to 27.1 percent.
Looking ahead, HTC sees first-quarter revs of NT$65 billion to NT$70 billion, significantly lower than fourth-quarter numbers and the NT$84 billion expected by analysts. Gross margins should further consolidate to about 25 percent.
CFO Winston Yung said most of the weakness for its first-quarter outlook came from increasing competition from Apple and Samsung in the U.S. market.
HTC ended Monday's session down about 5.2 percent.
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