Motorola Woes Continue
Reuters reports that Motorola said on Wednesday it will post an operating loss in the current quarter as recovery in its cell phone business is taking longer than expected, dashing Wall Street expectations for a profit and sending its shares down as much as 14 percent.
“The figures had us scratching our heads checking the date to see if we were looking at an earnings release from 2002,” JPMorgan analyst Ehud Gelblum said in a note to clients.
Motorola
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in