Orlando, FL 4/17/12 (StreetBeat) -- Zoom Technologies (Nasdaq:ZOOM) posted a fourth-quarter loss, hurt mainly by less profitable manufacturing contracts, sending the Chinese mobile company's shares down 13 percent in aftermarket trade.Net loss for the quarter was $2 million, compared with a net income of $5.1 million in the year-ago period.
Revenue for the company, which supplies to Samsung Electronics Co Ltd (005930.KS) and China Mobile Communications Corp (CHNMC.UL), rose 60 percent to $139 million.
The company was also hurt by acquisition-related costs and increase in R&D expenditure.
Shares of the company were trading down 13 percent at $1.22 in aftermarket trade. They closed at $1.40 on Monday on the Nasdaq.
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