Feeds

Motorola's Q3 doesn't cut it

Wall St slashes Razr vendor

Build a business case: developing custom apps

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.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Canadian ISP Shaw falls over with 'routing' sickness
How sure are you of cloud computing now?
Don't call it throttling: Ericsson 'priority' tech gives users their own slice of spectrum
Actually it's a nifty trick - at least you'll pay for what you get
Three floats Jolla in Hong Kong: Says Sailfish is '3rd option'
Network throws hat into ring with Linux-powered handsets
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
O2 vs Vodafone: Mobe firms grab for GCHQ, gov.uk security badge
No, the spooks love US best, say rival firms
Ancient pager tech SMS: It works, it's fab, but wow, get a load of that incoming SPAM
Networks' main issue: they don't know how it works, says expert
Trans-Pacific: Google spaffs cash on FAST undersea packet-flinging
One of 6 backers for new 60 Tbps cable to hook US to Japan
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.