Motorola warns of first-quarter net loss, shares fall (Reuters)
NEW YORK (Reuters) – Motorola Mobility Holdings Inc (MMI.N) posted a acquire for the ordinal quarter, but its shares lapse almost 4 proportionality after it warned it would revert to a expiration again in the current quarter, as it faces newborn rivalry from the Apple Inc (AAPL.O) iPhone.
In its prototypal quarterly inform as a separate company, Motorola said on weekday it had a acquire of $80 million, or 27 cents per deal compared with a expiration of $204 million, or 69 cents per deal in the year-ago lodge before it became a stand-alone company.
Revenue rose to $3.4 1000000000 from $2.8 1000000000 in the assemblage past quarter.
Motorola said it shipped 11.3 meg phones in the quarter, including 4.9 meg smartphones. The cipher judge was for sales of 5.2 meg smartphones and total shipments of 10.7 million, according to six analysts contacted by Reuters.
Its shares lapse to $33.50 in New trade after approaching at $34.83.
(Reporting by Sinead Carew; editing by Andre Grenon)
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