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Motorola Quarterly Revenue Misses Expectations
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Looks as if Moto is not doing as well as some investors might like to see. Its revenue is just not what it used to be.
Motorola Inc., the world’s second-biggest mobile phone maker, on Tuesday posted lower-than-expected quarterly revenue and missed some analyst estimates on phone sales, sending shares down about 8 percent.
Motorola said its third-quarter profit fell to $968 million, or 39 cents a share, from $1.75 billion, or 69 cents a share, in the year-ago quarter, when it reported 39 cents per share of unusual gains including a gain from its investment in Nextel Communications… [Source: Reuters]