China's ZTE to post third quarterly profit due to cost cuts

HONG KONG (Reuters) - ZTE Corp, the world's No. 5 telecom equipment and smartphone maker, expects to post a third quarterly net profit for the July-September period. The result was thanks to cost-cutting measures and as the company shunned the low-margin contracts that led to it posting losses last year. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/chinas-zte-post-third-quarterly-profit-due-cost-171857223.html