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HTC Posts Slim Profit, Sees Fourth Straight Profitable Quarter Ahead

The Taiwanese phone maker isn't rolling in dough, but it has managed to reverse its string of losses.

Sean Gallup/Getty Images

HTC, continuing to rebound after a couple years of losses, reported a narrow fourth-quarter profit and said it expects to be in the black for the current quarter as well.

The renewed profitability comes as Android phone leader Samsung has seen its profits drop, while Sony and others continue to post losses. Over the past year, the company has expanded its phone range and branched into new product areas including its Re action camera as well as software products that run on both iOS and Android.

The Taiwanese phone maker earned $15 million in profits (NT$500 million), or two cents per share, on revenue of $1.5 billion for the three months ended Dec. 31. For the current quarter, the company said to expect a narrow profit of a penny or less per share, on revenue of $1.31 billion to $1.42 billion.

HTC is due to unveil its next key products at a March 1 event in Barcelona, the same day Samsung is expected to unveil its Galaxy S6.

This article originally appeared on Recode.net.