Rochester, NY 7/31/2009 5:02:56 PM
After Hours - Motorola Inc. MOT, Motorola handset declines by 45% in second quarter
Motorola Inc.
There was a continued slide in results in Q2 revenues, Motorola reported. It was tumbling to USD 5.5 billion as compared to USD 8.1 billion in the same period of last year. 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://WhisperFromWallStreet.com offers daily stock alerts to subscribers. Sign up for our free alerts newsletter.
Earnings from succeeding operations were USD 0.01 per share, including 2 cents from the one-time gains, and the company forecast a Q3 result between a loss of 1 cent and profit of 1 cent. The mobile devices division reported sales decline by 45 percent year-on-year to USD 1.8 billion.
WhisperfromWallStreet.com is a FREE award winning newsletter that specializes in sending alerts to our subscribers on stocks we think are going to run, why we think so, as well as teaching you how to become a better trader. We scan hundreds of stocks a day to find those that meet our criteria and when we find one, we send you an alert.
Scroll to the bottom of this page to sign up for our FREE stock alerts newsletter at WhisperfromWallStreet.com
Disclaimer: Full disclaimer at http://whisperfromwallstreet.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 WhisperFromWallStreet, nor any of its affiliates are registered investment advisors or broker dealers.
