Motorola Reports Disappointing Q3 Sales

“Motorola reported sales, on a continuing operations basis, of US$10.6 billion in the third quarter of 2006, lower than expected by city analysts, which had averaged around the US$11.1 billion mark. Net profit fell by 45% from the year-ago quarter, but last year’s results included large one-time gains. Operating earnings slid to US$968 million from US$1.08 billion…Mobile Devices Segment sales were US$7.03 billion, up 26 percent compared with the year-ago quarter.”
The press release is here.
The earnings call transcript is here.

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