Motorola earnings miss estimates
Written on April 26, 2008
Cell phone maker Motorola says it lost slightly more money in the first quarter as sales in its key mobile unit fell 39%.
Motorola says it lost $194 million, or 9 cents per share, on revenue of $7.45 billion. A year earlier, the company says it lost $181 million, or 8 cents per share, on sales of $9.43 billion.
Thomson Financial says analysts, on average, expected a loss of 7 cents per share on sales of $7.75 billion.
For the current quarter, Schaumburg, Ill.-based Motorola Inc. (MOT, Fortune 500) says it expects to lose 2 cents to 4 cents per share from continuing operations. Analysts expect a loss of 1 cent per share.
Filed in: finance.