(Telecompaper) HTC has refrained from giving an outlook for its fourth-quarter results. In a presentation on the Q3 figures, the smartphone maker did not provide its usual guidance for the current quarter. HTC said Q3 results were better than expected, despite soft demand at the high end of the market. The restructuring programme underway resulted in a drop in operating expenses, while R&D spending was maintained. The company's revenues fell to TWD 21.4 billion from TWD 41.9 billion a year ago, in line with its outlook for sales of TWD 19-22 billion. The gross margin dropped to 18.0 percent from 22.9 percent in Q3 2014, below the group's forecast of 19.0-19.5 percent. HTC recorded an operating loss of TWD 4.9 billion, compared to a profit of TWD 0.2 billion a year earlier. The net result was a loss of TWD 5.41 per share, better than its forecast of TWD 5.51-5.85.