China TechFaith Q2 Loss Widens - Quick Facts

(RTTNews) - Mobile solutions provider China TechFaith Wireless Communication Technology Ltd. (CNTF) reported that second-quarter net loss attributable to the company was $3.15 million or $0.06 per ADS, wider than $2.09 million or $0.04 per ADS, in the prior-year quarter.

Total net revenues for the quarter rose to $24.71 million from $23.70 million in the comparable quarter last year.

Looking ahead to the third quarter, TechFaith currently expects total revenues to be in the range of $4.5 million to $8.0 million. The decline in expected total net revenues for the third quarter 2015 as compared to the second quarter of 2015 reflects the expected significant negative impact of reduced orders from one of the Company's large enterprise customers.