First operating loss in company history despite strong sales of HTC One
HTC has just released its preliminary unaudited financial results for the third quarter of 2013, and the company has posted an operating loss of over $101 million (NT$2.97 billion). Just as it warned back in July, this is HTC's first operating loss in company history and it wasn't even close to breaking even. Here's how the quarter's financials break down:
- Total revenues of $1.6 billion (NT$47.05 billion)
- Operating loss before tax of $119.4 million (NT$3.50 billion)
- Operating loss after tax of $101.3 million (NT$2.97 billion)
- Earnings per share after tax of -$0.12 (-NT$3.58)
Compare that to earnings in Q2 2013 that hit its own estimates with $2.35 billion (NT$70.7 billion) in revenues, $42 million (NT$1.25 billion) in operating income and earnings per share of $0.05 (NT$1.50). That's quite the downturn, and even though the company predicted it, it still hurts when the numbers finally come through.