HTC cuts Q4 revenue growth forecast; shares tumble

November 25, 2011 | BUSINESS

TAIPEI (Reuters) – Taiwan’s HTC Corp cut its revenue forecast for the fourth quarter to no growth over the same period a year earlier from around 20 percent to 30 percent year on year growth previously, surprising the market and sending its shares tumbling 7 percent. The world’s No.4 smartphone maker has been facing a slowdown in shipment growth in the second half of this year after growth more …
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