A week after the U.S. Congress slapped ZTE with a 'do not trust' allegation, the Chinese company gets another bitter dose of bad news. It's about to report a net loss of between 1.65 billion and 1.75 billion yuan (US $263 million to $279 million) for the first nine months of 2012, which pales in comparison to the 1 billion yuan profit it reported during the same period in 2011. This has resulted in a sharp 15.8 percent drop in ZTE's share price on the Hong Kong stock exchange, where it now sits at HK$10.56.
Engadget , ZTE to report net loss due to third-quarter slump, share price drops, ZTE to report net loss due to third-quarter slump, share price drops
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