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?
HTC Q1 profits up 19% year-over-year
Updated Dec 19th, 2018 6:35PM EST
If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.
