PEKING (dpa-AFX) - China TechFaith Wireless Communication Technology Limited (CNTF) reported that its third-quarter net income attributed to the company was US$3.3 million or US$0.06 per ADS, down from US$4.5 million or US$0.09 per ADS in the third quarter of 2010.
Net revenue was US$80.6 million, a 17% increase compared to US$68.6 million in the third quarter of 2010.
The company expects its revenue for the fourth quarter of 2011 to be in the range of US$78 million to US$81 million, with gross margin levels similar to those for the third quarter of 2011.
Copyright RTT News/dpa-AFX