Feeds

Moto earnings shockr

Volumes up, profits down

Securing Web Applications Made Simple and Scalable

Motorola revised its earnings forecast downwards yesterday, sending ripples of concern washing over rivals.

The handset giant now expects Q4 2006 revenue to come in between $11.6bn to $11.8bn, down from earlier estimate of $11.8bn to $12.1bn. Profit estimates were also revised down, and earnings per share are now expected to be 13 cents to 16 cents.

Motorola CEO Ed "Zandr" Zander put the blame on the wrong product mix and failing to address regional markets adequately.

The warning comes despite a healthy increase in volumes: Moto shipped 66 million units in Q4, 23 per cent up from the previous quarter.

Motorola earns the bulk of its earnings from mobile handsets, where it's No.2 to Nokia globally, but said that the performance of its networks and home divisions were on target. After two years of stellar results, Motorola's most recent quarter disappointed too.

The company discloses its earnings in full on January 19. ®

Build a business case: developing custom apps

More from The Register

next story
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.