HTC today announced their Q1 revenues, beating analysts expectations and up 19 percent year-on-year.
The company reported Q1 net profit of NT$5.03 billion, with earnings per share (EPS) of NT$6.42.
However, its Q1 revenues and net profits were down 8 percent and 9.2 percent respectively from Q4 last year.
The company’s revenues rose sharply to NT$16.4 billion in March, an increase of about 60 percent from February and 32.4 percent compared to the same month last year.
According to HTC, the better-than-expected figures prove that it has adopted successful branding strategies.
As most institutional investors had expected the company’s EPS for Q1 to be around NT$5 to NT$5.5, its shares are likely to rise Wednesday, analysts said.
HTC shares closed at NT$381 Tuesday, NT$6.0, or 1.6 percent higher than the closing figure Monday.
Source: CNA
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