Wednesday June 12, 10:53 am Eastern Time
Reuters Business Report
Motorola to Meet or Beat Guidance
NEW YORK (Reuters) - Motorola Inc., the No. 2 maker of wireless telephones, on
Wednesday said it will meet or beat its guidance for the second quarter and remains on track
to return to profitability in the third quarter and show a profit for the full year.
Motorola President and Chief Operating Officer Edward Breen told investors at a Bear Stearns conference here that growth is
returning to the company's businesses and it expects to meet or beat its April guidance for the second quarter of a per-share
loss of 4 cents a share on revenues of at least $6.4 billion.
"We are confident that (second-quarter) sales will meet or slightly exceed our guidance," Breen said. "We are confident that our
operating results, excluding the impact of special items, will meet or be slightly favorable to our prior guidance of a loss of 4
cents per share."
He added that Motorola, which also makes wireless telecom gear, semiconductors and set-top boxes for cable television,
remains on track to return to profitability in the third quarter and show a profit of at least 4 cents a share for the full year. He
said the company still expects full-year sales to fall 5 percent to 10 percent from last year's $29.5 billion.
In April Motorola reported a first-quarter loss of 8 cents a share.
 |
