China Techfaith Wireless Communication Technology Limited Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Revenue Guidance for the Fourth Quarter of 2013
For the nine-month period, the company reported total net revenues were USD 88.301 million against USD 106.631 million a year ago. Income from operations was USD 1.020 million against USD 2.996 million a year ago. Income before income taxes was USD 2.306 million against USD 4.201 million a year ago. Net loss attributable to TechFaith was USD 0.406 million or USD 0.01 basic and diluted per ADS against USD 0.251 million or USD 0.00 basic and diluted per ADS a year ago.
TechFaith currently expects total revenues for the fourth quarter of 2013 to be in the range of USD 28.0 million to USD 32 million. This forecast is TechFaith's current and preliminary view, which is subject to change.