Motorola posts first loss in 15 years

Summary:Motorola fell short of analysts' reduced estimates in its first quarter Tuesday and posted its first operating loss in more than 15 years. In the quarter, it posted a loss of $206 million, or 9 cents a share, on sales of $7.

Motorola fell short of analysts' reduced estimates in its first quarter Tuesday and posted its first operating loss in more than 15 years.

In the quarter, it posted a loss of $206 million, or 9 cents a share, on sales of $7.8 billion.

The maker of semiconductors and wireless telephone handsets twice lowered sales and earnings estimates in the quarter, but still was unable to hit the revised targets. Full story. --Larry Barrett, ZD Inter@ctive Investor

Topics: Hardware

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