HTC starts 2010 with a profitable first quarter

 

According to the HTCs financial report for the first quarter of 2010 the company is doing quite well. Theyve announced approximately 1.2 billion US dollars of revenue and that obviously is better than what they projected.

That makes 19.3 percent more than what HTC earned last years Q1.

The Q1 net profit, however, is ca. 160 million US dollars, which is 8 percent lower compared to the same first quarter of 2009.

Nevertheless, those numbers are far beyond expectations since the Taiwanese company expected revenues between 1.01 and 1.08 billion US dollars.

And when it comes to the earnings per share, they are about 0.2 US dollars which is by 10 to 20 percent more than expected.