China Digital TV Holding Co., Ltd. (STV) posted third quarter net income attributable to the company of US$4.9 million or US$0.08 per share, compared to US$8.2 million or US$0.14 per share in the corresponding period last year. Non-GAAP net income attributable to China Digital TV was US$5.5 million, compared to US$8.5 million in last year quarter.
On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share. Analysts' estimates typically exclude special items.
Net revenues were US$12.1 million, compared to US$16.8 million in the previous year quarter. Four Wall Street analysts expected revenues of $12.62 million.
The company said the quarter-over-quarter decrease in revenues was largely due to decreases in both smart card sales and revenues from services.
Looking forward, for the fourth quarter, the company expects revenues in the range of US$12.5 million to US$13.6 million. Wall Street analysts expect revenues of $12.62 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.