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HTC warns that performance may get worse

Corey

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Corey Apprentice

Corey

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HTC Earnings Preview Q1 2013
Struggling smartphone vendor HTC (2498) warned on Monday that its performance may continue to worsen in the first quarter of 2013. The company said in a release that it expects revenue in the first quarter this year to be between flat and down 17% compared to the fourth quarter last year, when HTC posted its worst earnings in eight years. HTC's Q1 guidance missed analysts' expectations, sending shares down 1.55% in Taiwan on Monday. The vendor also noted that gross margins will likely be between 21% and 23% in the first quarter, flat or down from 23% in the prior quarter.

 

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