HTC Q1 profits up 19% year-over-year

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Today, HTC reported its 2010 Q1 earnings, and the vitals from the mobile handset giant all seem to be positive. Q1 revenues jumped 19% from Q1 of last year to $1.2 billion, with a net profit of $158 million and earnings per share at $0.20. The positive numbers prompted investment firm Morgan Stanley to raise HTC’s stock price target and firm Goldman Sachs to renew its “buy” rating on the stock. Revenue was down 8% from Q4 of last year, however that isn’t out of the ordinary as Q4 includes the holiday buying season. Anyone out there have plans to pick up a new HTC phone soon?¬† Incredible? EVO? Bueller?

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