Motorola Posts Quarterly Loss, Revenue Falls
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Motorola posted a loss from continuing operations of $38 million, or 2 cents a share, compared with a profit of $1.35 billion, or 54 cents per share, a year earlier.
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CHICAGO -- Cell-phone maker Motorola Inc. posted a $28 million second-quarter loss Thursday as continuing weak sales resulted in its first back-to-back losses in five years.
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Motorola warns it is making a loss, blaming weak mobile phone sales in Asia and Europe.
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Operating profits slipped 5.5 percent at Cingular Wireless LLC despite gains in both subscribers and revenue in what was likely the last full quarter before the company's completes its &#36;41 billion purchase of AT&amp;T Wireless Services Inc.
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Motorola is to shed an extra 4,000 jobs this year, as it continues efforts to reverse a fall in profits.
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Motorola Inc  said on Wednesday  it will post an operating loss in the current quarter as its  cell phone business is taking longer than expected to turn  around, dashing Wall Street hopes for a profit and sending its  shares down 15 percent.
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Motorola Inc  said on Wednesday it will post an operating loss in the current quarter as recovery in its cell phone business is taking longer than expected, dashing Wall Street expectations for a profit and sending its shares down as much as 14 percent.
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SEPTEMBER 28, 2004 (REUTERS) - Telecommunications equipment maker Motorola Inc. said today that it would cut 1,000 jobs and take related charges of about $50 million to focus on its wireless business.
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Motorola Inc. said Thursday its profit plunged 94 percent in the third quarter on sharply lower sales, but the ailing cell-phone maker showed signs of improvement in its cell-phone business and painted a more upbeat outlook for its future.
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Motorola Inc  said on Wednesday it will post an operating loss in the current quarter as its cell phone business is taking longer than expected to turn around, dashing Wall Street hopes for a profit and sending its shares down 20 percent.
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Motorola Inc.'s stock sank as much as 8 percent Wednesday despite a successful quarter, as Wall Street questioned the staying power of the market-share resurgence by the world's No. 2 cell phone maker.
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Motorola Inc., the world's No. 2 maker of cell phones, on Tuesday said its quarterly profit more than tripled, but growth in handset volumes disappointed Wall Street and its shares fell 4.5 percent.
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Motorola Inc.  posted its  second straight quarterly loss on Thursday as a lack of  advanced mobile phones cost the company market share and  dropped it into third place in the industry behind Nokia  (NOK1V.HE) and Samsung Electronics (005930.KS).
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Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
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Cell phone maker Motorola Inc. on Wednesday said net profits fell sharply in the fourth quarter, and it warned that the recovery in its struggling handset unit will take longer than expected.
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Palm Inc , the maker of Treo smartphones, posted a quarterly loss on Tuesday after a delay of a key new product.
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Slips to number three in phone rankings Motorola has announced its second loss-making quarter, pushing the beleaguered manufacturer into third place behind Nokia and Samsung.â¦