InterDigital Inc (IDCC)

[thelurker]

HTC September sales up 30% on year

October 6; Michael McManus, DIGITIMES [Tuesday 7 October 2008]

HTC Corporation has reported September revenues of NT$13.7 billion, up 30% from the same period last year. For the third quarter of 2008, the company's total revenues reached NT$37.86 billion, representing 30.06% year-on-year growth.

The company also reported pre-bonus adjusted net income before tax of NT$ 9.4 billion, total net income of NT$ 8.4 billion, and earnings per share of NT$11.14. For its post-bonus adjustment, the company had total net income before tax was NT$ 7,846 million, total net income was NT$ 7,071 million, and earnings per share after tax were NT$ 9.36.

HTC's third quarter revenue were in line with guidance provided during last quarter's conference call. Nevertheless, September revenues were slightly affected by the delay of shipment due to a series of typhoons. The company remains optimitics it will achieve annual revenue growth of 20-30%, and close to the upper end of the target.