HTC has announced its audited earnings for the third quarter of fiscal year 2011, and the results aren't spectacular, as expected from the unaudited numbers previously released. Revenue was NT$101.42 billion ($3.43 billion), a decline of 2.49 percent year on year, though the overall figure of NT$61.98 billion ($2.1 billion) profit in 2011 was up 56.77 percent from 2010. The Taiwanese company is forecasting revenue of NT$65 - 70 billion ($2.2 - $2.37 billion) in the next quarter, a drop from Reuters analysts' expectations of NT$89.64 billion ($3.03 billion), which is unlikely to do wonders for a share price that has already fallen 42 percent over the last year. The company says it's on course for an operating margin of 7.5 percent this quarter — which would be the lowest in three years according to data collected by Bloomberg — blaming "competition in the US from iPhone and Samsung" for weakness in its numbers and noting that its LTE handsets (the Rezound for Verizon and Vivid for AT&T, presumably) didn't "meet expectations."
HTC forecasts gloomy quarter ahead: 'LTE handsets didn’t meet our expectations'
HTC forecasts gloomy quarter ahead: 'LTE handsets didn’t meet our expectations'/
HTC's forecast of NT$65-70 billion for the first quarter of 2012 is lower than analysts' predictions.