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HTC beats analysts' revenue estimates for third straight quarter with record breaking Q2

Posted: , posted by Alan F.

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HTC beats analysts' revenue estimates for third straight quarter with record breaking Q2
With very popular Android handsets like the HTC Sensation and the HTC ThunderBolt bringing in the cash, Taiwan based manufacturer HTC has beaten analysts' estimates for revenue for three consecutive quarters. Second Quarter revenue more than doubled to the equivalent of $4.3 billion USD. More importantly, earnings came in for the latest period at $608 million USD, double the profit reported for last year's Q2 and higher than the $570 million USD expected by analysts. HTC's stock is up over 3% on the Taiwan Stock Exchange after the earnings report.

While HTC wouldn't report the exact number of phones sold in the period, the company did say that it beat its target of selling 11 million units in the second quarter. With HTC continuing to build on popular models like the EVO line for Sprint and the DROID Incredible series for Verizon, there seems to be no end in sight to the company's outstanding performance. Analysts expect HTC to post record breaking numbers for the third quarter.

source: Bloomberg via AndroidandMe

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