The Register® — Biting the hand that feeds IT

Motorola's Q3 doesn't cut it

Wall St slashes Razr vendor

Increase your knowledge of the latest threats to your busines

Motorola took a kicking yesterday night when analysts decided a 17 percent rise in third quarter sales just wasn’t enough.

The comms vendor turned in revenues of $10.6bn for the quarter ending September 30, up 17 per cent on the year. However, Wall St’s spreadsheet meisters had been expecting $11.07bn.

Motorola’s forecast for the fourth quarter didn’t give them any further cheer – its expects revenues of $11.8bn to $12.1bn, and didn’t give an earnings forecast. The Wall St consensus, as of yesterday afternoon, is for $12.1bn with earnings per share of $0.39.

Earnings at the company were $968m, down from $1.8bn. However, Motorola said this in line with expectations.

Chairman and CEO Ed Zander said GSM infrastructure sales had been weaker than expected in the quarter, due to delays in capital spending.

Sales at its mobile devices segment were up 26 per cent to $7bn, with operating earnings of $819m. The networks and enterprise segment turned over $2.78bn, up slightly on the previous year, with operating earnings of $378m. Connected home solutions, whatever they are, brought in $812m, up 9 per cent, with operating earnings of $21m.®

Increase your knowledge of the latest threats to your busines

Don’t Miss

Win a Samsung C6625!

Reg Lucky Draw Windows Mobile handsets up for grabs

Palm_Pre_001_SMIs your cameraphone an oxymoron?

Pic Review iPhone 3G v iPhone 3GS v Palm Pre

Vulture logo with head phonesWindows 7, Bing and security: Mr Ballmer regrets

Steve hopes Microsoft money can buy your love

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes