HTC expects its revenues to grow 2.6-12.2% sequentially to NT$43-47 billion (US$1.41-1.54 billion) in the fourth quarter of 2014.

Gross margin for the fourth quarter is expected to reach 19-21% compared to 22.9% a quarter earlier.

EPS is expected to range from NT$0.07-0.46 in the fourth quarter, down from NT$0.78 in the third. For all of 2014, EPS will reach NT$1.31-1.70, the Economic Daily News (EDN) quoted the company as saying.

Growing smartphone shipments will drive revenue growth in the fourth quarter, although the company has also begun shipping its Re camera and Nexus 9 tablet, said the paper, citing company CFO and president of global sales Chia-lin Chang.

Sales of smartphones have continued to grow in a number of markets, including the US, China, India and Indonesia. Sales momentum is likely to continue into the first quarter of 2015, Chang said.