Motorola Inc. said its sales fell in mobile phone business and it led to profit decrease in the third quarter.
Motorola posted profit of $60 million (EUR42.16 million), or 3 cents per share, compared with a year-earlier profit of $968 million, or 39 cents per share. On a continuing operations basis, the company said it earned 2 cents per share, including 4 cents per share in charges for layoffs and asset writedowns.
Sales fell to $8.81 billion (EUR6.19 billion) from $10.6 billion a year earlier.
Analysts polled by Thomson Financial on average expected profit of 4 cents per share, excluding items, on sales of $8.81 billion.
Motorola said sales in its mobile devices segment fell 36 percent. The company has struggled recently to produce popular handsets. It said its new RAZR 2 phone shipped 900,000 units in the quarter.
For the fourth quarter, the company forecast earnings from continuing operations of 12 cents to 14 cents per share, excluding one-time items. Analysts polled by Thomson Financial on average expect earnings per share of 10 cents for the fourth quarter.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War