Rochester,NY 7/31/2009 1:30:08 AM
Motorola, Inc., MOT - Revenues down 45% in Q2 for Motorola handset
Motorola, Inc.
Motorola reported that the revenues tumbling to USD 5.5 billion from USD 8.1 billion a year earlier. Operating profit edged up to USD 10 million from USD 5 million, and net profit improved to USD 26 million from USD 4 million, helped by investment gains and a legal settlement.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Sign up for our free alerts newsletter.
Company forecast a third-quarter result between a loss of 1 cent and profit of 1 cent. Earnings from continuing operations were USD 0.01 per share, including 2 cents from the one-time gains. The mobile devices division reported sales down 45 percent year-on-year to USD 1.8 billion. Shipments reached 14.8 million phones, versus 14.7 million in Q1, good for an estimated 5.5 percent global market share. The company said that it's on the process to release the new smartphones for the holiday season and is pleased with recent customer feedback.
StockEinstein.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
