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Send to email | LIVE: Motorola Q2 Sales Beat Street, Breaks Even, Cellphone Sales Better Than Expected (MOT) in MOT | By Silicon el 31-Jul-2008 |
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A better-than-expected for Greg Brown's Motorola, including solid results from both non-cellphone divisions, and encouraging guidance: The company beat the Street's sales projection by a large amount, broke even, and sold about 1.5 million more phones than expected, maintaining its market share. Especially strong: The "home and networks mobility" division, which includes set-top boxes and wireless network infrastructure, posted 7% year-over-year sales growth and 28% operating income growth.
We'll cover Motorola's (MOT) earnings conference call LIVE at 8:00 a.m. ET, listening especially for any color about the company's cellphone spinoff and restructuring. Refresh for the latest.
Key Stats:
Revenue: $8.1 billion, vs. $7.7 billion consensus EPS: $0.02 after one-time items, vs. -$0.03 consensus Cellphones shipped: 28.1 million, vs. 26.6 million Reuters consensus
Guidance:
Q3 EPS: $0.00-$0.02, vs. $0.01 consensus 2008 EPS: $0.06-$0.08, vs. $0.01 consensus

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