MOT is currently trading down in afterhours after the company reported Q3 revenues that fell short of Wall Street expectations.
The earnings met Wall Street’s estimates, but sales of the company’s hot-selling Razr phones left total revenue still nearly half a billion dollars lower than forecast.
Earnings for the July-through-September period were $968 million, or 39 cents a share, down from $1.75 billion, or 69 cents a share, a year earlier.
Excluding certain items, the Schaumburg, Ill.-based company said operating earnings were 34 cents per share, matching the consensus estimate of analysts surveyed by Thomson Financial.
Sorry, the comment form is closed at this time.