Sunday, January 5, 2014

HTC Ekes Out Small 4Q Net Profit - Wall Street Journal

Updated January 5, 2014 3:31 a.m. ET

TAIPEI-HTC Corp.. (2498.TW) eked out a small profit for the fourth quarter, buoyed by one-time gains from selling its stake in a U.S. headphone firm, but the Taiwanese smartphone maker remained in an operating loss amid falling sales.

Preliminary net profit was 310 million New Taiwan dollars (U.S. $ 10.3 million) for the quarter ended December 31, after the HTC sold its Remaining stake in Beats Electronics LLC for NT $ 265 million, the Taoyuan-based …

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