Motorola (MOT) reported EPS of two pennies a share against a Reuters estimate of zero. The company shipped 35 million handsets, about what was expected. And, revenue hit $5.73 billion, ahead of a consensus estimate of $5.64 billion.
Factoring in costs for lay-offs, the company had an EPS loss of two pennies.
MOT was slightly upbeat about the future: The company’s outlook for earnings per share from continuing operations in the third quarter is flat to slightly up compared to second quarter earnings from continuing operations excluding highlighted items. While the company does not expect the Mobile Devices business to be profitable for the full year, it does expect its financial results to improve in the second half of the year.
Revenue and earnings at the company’s Enterprise Mobility operation rose sharply with the topline up 42%. But, those numbers were goosed by the purchase of Symbol Technologies in January.
All in all, as bad as expected.
Douglas A. McIntyre
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