Motorola Posts $28M Loss in 2Q
501923
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.
52143
AT&T Corp. on Thursday reported a &#36;7.1 billion third-quarter loss due to an &#36;11.4 billion writedown of its assets after its retreat from consumer services and other restructuring charges.
622751
Motorola Inc. , which has been losing market share amid criticism of its mobile phone line-up, on Thursday posted a quarterly loss as revenue fell amid weak phone sales.
65630
Cingular Wireless on Monday  posted a  fourth-quarter loss as expenses rose due to its purchase of  AT&T Wireless, but it added roughly twice the number of  subscribers Wall Street expected.
593386
Motorola Inc. , the No. 2  cellphone maker, on Wednesday posted second-quarter earnings  and revenue that beat Wall Street expectations due to strong  demand for its phones, including the Razr.
437223
(InfoWorld) - Two days after it restructured operations, MotorolaÂ on Thursday reported that flagging sales of mobile devices were a factor in its second-quarter loss of $28 million, or $0.01 per share. The telecommunications device maker posted income of $1.38 million, or $0.55 cents a share, one year earlier. Revenue declined by 19 percent to $8.73 billion from $10.82 billion one year earlier. The drop was expected: Motorola issuedÂ preliminary financialsÂ last week, warning that its results would be lower than had been forecast. The company said Thursday that excluding one-time costs, it would have earned $0.02 per share. Analysts surveyed by Thomson Financial, who revised estimates lower after last week's warning, were forecasting break-even results on sales of $8.64 billion. Layoffs and other one-time charges were responsible for losses amounting to $0.04 per share. But the loss for the quarter underscores the company's beleaguered mobile device business, which has been outflanked by rivals including Apple. The pressure will continue. Motorola announced that it expects earnings in the third quarter to be equal to or slightly higher than the second quarter, and that its mobile devices unit will probably not be profitable this year. The company saw a drop in mobile device sales in Asia, a hot market where vendors are trying to get a big share of the market in fast growing economies, as North American and European markets become saturated with mobile phones. Motorola has taken steps to address its problems. The vendor announced Tuesday that it's restructuring into three business divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. It also has a new chief of its mobile unit, Stu Reed. Motorola CEO Ed Zander has beenÂ under pressureÂ to resign. He attracted criticism from big-name investor Carl Icahn earlier this year, and recently has been attacked by activist shareholder Eric Jackson for the way he's running the company. Although Motorola has taken steps to cut costs, a core challenge for the company is product design in the competitive handset arena. ItsÂ Razr deviceÂ was praised for its design, but in a fast-paced market quickly became an also-ran, under a barrage of products from rivals that in addition to Apple include Nokia, Samsung Electronics, and LG Electronics. Despite expecting mobile phone sales to be under increasing pressure, Motorola did say that it expected its overall financial results to improve during the second half of the year. Thursday morning, Motorola shares were trading at $18.18, up $0.18 from its opening. Â
148020
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.
461318
Motorola is warning that second quarter sales and earnings will be lower than expected.
187401
Cell phone maker Motorola warned of a second-quarter profit and sales shortfall, blaming poor results in its mobile devices business in Asia and Europe.
248199
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.
436125
The search for seamless mobility Comment Having seen off the challenge to his leadership from billionaire activist investor Carl Icahn, Motorola CEO Ed Zander is under renewed pressure as the company warns of a dismal second quarter and a full year of losses in the core handset unit.â¦
311729
Blog: Motorola reported more losses for the second quarter of 2007, but management hopes that a recovery is still on the horizon.
535954
Cell phone maker Motorola Inc. on Wednesday said net profits fell 84 percent in the fourth quarter and warned that the recovery in its struggling handset unit will take longer than expected.
660560
Motorola's mobile-phone business recorded a $138 million loss in the third quarter, with handset revenues declining by 36 percent to $4.5 billion in comparison with the year-earlier period. Nevertheless, Motorola executives remain upbeat about the ailing unit's prospects for returning to profitability, noting that substantial progress has been made during the quarter.
131833
The discount brokerage posted a larger-than-expected quarterly loss after a $2.2 billion charge related to the sale of its asset-backed securities portfolio.
520795
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).
198844
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.