Earnings
China TechFaith Says Sales Could Fall In 3Q
SEATTLE (AP) — Cell phone design and manufacturing company China TechFaith Wireless Communication Technology Ltd. said Monday that revenue could decline in the current third quarter, which ends in September.
Beijing-based TechFaith said it expects to earn between $47 million and $52 million in the third quarter. Last year, the company brought in $50.8 million in sales.TheStreet Premium Services
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