HTC shares plunge on Netherlands sales halt, weak outlook lingers

Want hina Times
Date: 2015-08-13

Shares of Taiwan-based smartphone vendor HTC took a beating Thursday morning after

The HTC One M9. (Photo/ Fang Chun-che)

The HTC One M9. (Photo/ Fang Chun-che)

the company announced a day earlier a temporary halt of sales of the bigger version of its flagship HTC One M9 model in the Netherlands due to reported problems about 4G LTE connectivity, dealers said.

The current selling also showed lingering concerns over the company’s outlook after the smartphone vendor gave gloomy guidance last month for the third quarter that pointed to a net loss of more than NT$5 (US$0.16) per share, the dealers said.

As of 11:01 am, shares of HTC had fallen 8.36% to NT$50.40 (US$1.57), with 19.71 million shares changing hands. The weighted index on the Taiwan Stock Exchange was up 0.14% at 8,294.92 points.     [FULL  STORY]

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