Motorola 1Q loss widens as phone sales fall

[April 24, 2008]  SCHAUMBURG (AP) -- Cell phone maker Motorola says it lost slightly more money in the first quarter as sales in its key mobile unit fell 39 percent.

Motorola says it lost $194 million, or 9 cents per share, on revenue of $7.45 billion. A year earlier, the company says it lost $181 million, or 8 cents per share, on sales of $9.43 billion.

Thomson Financial says analysts, on average, expected a loss of 7 cents per share on sales of $7.75 billion.

For the current quarter, Schaumburg-based Motorola Inc. says it expects to lose 2 cents to 4 cents per share from continuing operations. Analysts expect a loss of 1 cent per share.

[Associated Press]

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.