Feeds

Motorola's Q3 doesn't cut it

Wall St slashes Razr vendor

The essential guide to IT transformation

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
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
EE plonks 4G in UK Prime Minister's backyard
OK, his constituency. Brace yourself for EXTRA #selfies
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.