March 27, 2018 / 1:28 AM / a year ago

Taiwan's HTC shares rise more than 4 pct

TAIPEI, March 27 (Reuters) - Shares of Taiwan’s HTC Corp rose more than 4 percent in early trade on Tuesday after it said it expects to get a boost from a deal sealed with Google earlier this year.

The smartphone maker on Monday reported a net loss of T$9.8 billion ($337.3 million) in the fourth quarter, its biggest on record, due in part to stiff competition and inventory write-downs.

Last September, Alphabet Inc’s Google said it would acquire part of HTC’s smartphone operations for $1.1 billion, expecting the deal to close by early 2018. ($1 = 29.0570 Taiwan dollars) (Reporting by Twinnie Siu; Editing by Anne Marie Roantree and Stephen Coates)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below