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HTC sees lower revenue, margins in fourth-quarter
US-HTC-OUTLOOK:HTC sees lower revenue, margins in fourth-quarter
TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp said on Friday it sees around a 14.5 percent fall in revenue in the fourth quarter from the previous three months, worse than forecasts, while its operating margin will also decline significantly to only 1 percent.
The company said in a statement that it expects its fourth-quarter revenue to be about T$60 billion ($2.05 billion), compared to T$70.2 billion in the third quarter.
HTC was expected to earn T$74.0 billion in revenue in the fourth quarter, according to 23 analysts polled by Reuters.
HTC also said it expects a gross margin and an operating margin of around 23 percent and 1 percent, respectively, falling from 25 percent and 7 percent in the previous quarter.
HTC did not elaborate in its statement, but will give a briefing at 3.00 a.m. EDT.
The company reported earlier this month that its third-quarter net profit fell 79 percent, missing forecasts, as its flagship phones failed to keep pace with Apple Inc's iPhone and Samsung Electronics Co Ltd's Galaxy range.
($1 = 29.2500 Taiwan dollars)
(Reporting by Clare Jim; Editing by Jonathan Standing)
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