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 Send to email | LIVE: Motorola Q1 Dismal, Loss Widens, Misses Street On Sales (MOT) in General |  By Silicon
el 24-Apr-2008 |
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 As expected, Motorola had a terrible Q1. Mobile sales dropped 39% year-over-year and the company missed the Street's already lowered expectations for revenue and EPS. We'll cover their earnings call LIVE at 8 a.m. E.T.; refresh for updates.
Motorola reported $7.45 billion in Q1 sales, down 21% year-over-year and missing the Street's $7.75 billion consensus. The struggling cellphone maker posted a $194 million loss, or a loss of 9 cents per share -- worse than the 7 cents per share loss the Street was expecting.
The company sold 27.4 million phones last quarter, down 40% from 45.4 million a year ago. Mobile revenue dropped 39% year-over-year to $3.3 billion, and the division's Q1 operating loss widened 79% year-over-year to $418 million.
The rest of Motorola's business did better. Particularly strong: "Enterprise Mobility Solutions," whose sales increased 5% year-over-year to $1.8 billion, and operating earnings jumped 91% year-over-year to $250 million.
Motorola's Q2 guidance stinks, too: The company expects to post a 2 cents to 4 cents loss, worse than the 1 cent loss the Street predicted.
Earlier:
Motorola Shuffles Deck, Reorgs Cellphone Unit
Motorola: Whacking 2,600 Workers Cost Us $104 Million
Motorola CEO Search: Ron Garriques Has A Small Fan Club
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| Spy Shots of the Motorola Atila emerge |  It’s been a long three months since we scooped the Motorola Atila, the touchscreen-only counterpart to the Motorola Alexander. Since August, updates on this tri-band UMTS/HSDPA phone have been non-existent. As is the standard in pre-production lifespans, live images of the handset have now emerged proving that the Atila does exist and that Motorola still [...] [..] Read complete article | | Published 24-Nov-2008 by Kelly Hodgkins in GPRSGSMHSDPAHSUPAHandsetsMotorolaUMTSWi-FiWindows Mobileatilaspy photo
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| McClatchy Still Plummeting; Misses Sales Target (MNI) |  Seen this movie before. Many times, in fact: McClatchy underperformed the street's low expectations for Q1; it says the ad market is lousy, and points hopefully at the propspect of boom in digital revenues. But it won't be enough. Details are all here. Hate to read? Here they are in picture form:
[..] Read complete article | | Published 23-Apr-2008 by Silicon in General
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