China TechFaith Wireless Communication Technology Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported total net revenues of USD 21,466,000 compared to USD 29,903,000 in the previous quarter. Loss from operations was USD 4,277,000 against income of USD 804,000 a year ago. Loss before income taxes was USD 4,057,000 against income before income taxes of USD 1,177,000 a year ago. Net loss attributed to company for the third quarter of 2014 was USD 4,589,000 or USD 0.01 per basic and diluted share, compared to net income of USD 258,000 a year ago. Net loss attributable to company per basic and diluted ADS was USD 0.09 compared to USD 0.00 in the previous quarter.

For the nine-month period, the company reported total net revenues of USD 70,727,000 compared to USD 88,301,000 in the previous quarter. Loss from operations was USD 11,000,000 against income of USD 1,020,000 a year ago. Loss before income taxes was USD 10,242,000 against income before income taxes of USD 2,306,000 a year ago. Net loss attributed to company for the third quarter of 2014 was USD 9,567,000 or USD 0.01 per basic and diluted share, compared to USD 406,000 a year ago. Net loss attributable to company per basic and diluted ADS was USD 0.18 compared to USD 0.01 in the previous quarter.

The company currently expects total revenues for the fourth quarter of 2014 to be in the range of USD 22 million to USD 24 million.