HTC Releases Q2 2013 Results, Better than Q1 But Still Down YoY

Subject: General Tech, Mobile | July 6, 2013 - 04:13 AM |
Tagged: htc, financial results, Android

Taiwanese smartphone manufacturer HTC has released financial results for its Q2 2013. All things considered, HTC had a good quarter, but it is still far from reaching the performance of the prior year.

HTC had quarterly revenue of approximately $2.35 billion (NT $70.7 billion), net income of $41.5 million (NT $1.25 billion), and Earnings Per Share (EPS) of $0.05 (NT $1.50).

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The previous quarter (Q1'13) saw HTC achieve revenue of $1.42 billion (NT $42.8 billion), net profit of $2.82 million (NT $85 million), and EPS of $.003 (NT $0.10). The company's HTC One smartphone is likely a contributor to the improved performance QoQ.

Year over Year (YoY), HTC is still down quite a bit. In Q2 of 2012, HTC had revenue of $3.02 billion (NT $91.04 billion), net profit of $245.6 million (NT $7.4 billion), and EPS of $0.30 (NT $8.90). The following chart shows the figures in USD in a handy table.

  Q2 2013 Q1 2013 Q2 2012
Revenue $2.35 Billion $1.42 Billion $3.02 Billion
Net Income $41.5 Million $2.82 Million $245.6 Million
Earnings Per Share $0.05 $0.003 $0.30

YoY, HTC's Q2 revenue is down about 22% while net profit and EPS are both down about 83% respectively. The recent financial report is not all bad news, however. HTC is recovering from its fall and saw a positive increase over the first quarter of 2013 with 65.5% higher quarterly revenue. Profit and EPS also saw a massive jump over the previous quarter. The HTC announcement did not include and outlook for investors, but the company is refocusing on quality hardware and had a positive quarter.

Source: HTC
September 4, 2013 | 10:57 AM - Posted by HTC desire 601 (not verified)

Lets see how well HTC will next quarter with the HTC one out and the new HTC desire 601 hitting stores at the end of this year.

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