China Digital TV Holding Co., Ltd. (STV) reported second-quarter net income attributable to the company of $7.1 million or $0.12 per share, down from $11.3 million or $0.19 per share in the comparable quarter last year.
Excluding items, non-GAAP net income for the quarter was $8.0 million, compared to $12.6 million last year.
Total revenues for the latest quarter declined 5 percent to $23.8 million from $25.1 million last year.
The company attributed the year-over-year decrease in net revenues to a decrease in the shipment volume of smart cards.
Looking forward to the third quarter, the company expects revenue to be in the range of $20.6 million-$22.1 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.