Despite Drop in Earnings, Motorola Shows Improvement
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Motorolaâs third-quarter earnings fell 94 percent, but the company beat expectations and forecast stronger sales in the fourth-quarter as new products start hitting the market.
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Motorola Inc. (MOT.N: Quote, Profile, Research) , the world&#39;s No. 2 maker of cell phones, on Tuesday said its quarterly profit more than tripled, but growth in
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OT&quot;&gt; Motorola, the world&#39;s second-largest maker of cellphones, said yesterday that its profit more than quadrupled in the third quarter and revenue jumped 26 percent compared with the quarter
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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  on Thursday posted third-quarter earnings above Wall Street estimates and forecast a profit for the fourth quarter, raising expectations the mobile handset maker had begun to turn its business around.
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Wireless technology company Motorola Inc. said Thursday its profit plunged 94 percent in the third quarter, as sales fell substantially in its cell phone business and it narrowly averted a third straight quarterly loss.
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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.
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Motorola is warning that second quarter sales and earnings will be lower than expected.
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Motorola Inc., the world&#39;s second- largest maker of mobile phones, said third-quarter profit quadrupled as new handset models increased sales.
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Motorola&#39;s mobile-phone business continued to lose its signal in the fourth quarter, dragging the company&#39;s revenue and profit down.
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Update: The handset division is Motorola's biggest business, but has had no big wins since the Razr.
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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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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.
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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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The company said profit dipped slightly due in part to higher energy and materials costs and more investment in advertising, but still matched Wall Streetâs expectations.
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Motorola Inc  on Thursday posted a small third quarter profit from continuing operations and forecast another profit for the current quarter even as revenue fell from a year ago.
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(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