HTC releases Q3 earnings, net profit down at $137 million

HTC has released their quarterly earnings, and the trend that has plagued them for the better part of this year is still happening: the company is losing revenue. This quarter HTC had revenue equal to $2.4 billion dollars with a net profit of only $137 million. That number is down almost 50% from last quarter when the company had about $250 million in profit.

If this trend continues HTC will find itself in big trouble by year's end so here's hoping their brand new Windows Phones and HTC One X+ model succeed.

Here follows the official press release:

HTC RELEASES UNAUDITED RESULTS FOR 3Q 2012

Taoyuan, Taiwan–Octoboer 8, 2012: HTC Corporation (TWSE: 2498), a global leader in mobile innovation and design, today announces unaudited consolidated results for 3Q 2012. For the third quarter of 2012, total revenues reached NT$70.2 billion. Unaudited operating income was NT$4.9 billion, net income before tax was NT$4.0 billion, net income after tax, excluding minority interest, was NT$3.9 billion, and unaudited earnings per share after tax were NT$4.70 based on 831,227 thousand weighted average number of shares.

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