Five Companies That Dropped The Ball This Week

HTC Hammered With Downgrades After Weak Q2, Lowered Guidance

The once high-flying smartphone maker HTC reported a 27 percent drop in fiscal second-quarter revenue, and also slashed its previous revenue guidance for the current quarter. Investors didn’t like that much, and the ensuing sell-off of HTC shares lopped more than $1 billion from the vendor's market capitalization, according to a report from The Wall Street Journal.

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