UPDATE 1-Motorola sees wider second-quarter loss
(Adds president's comments in paragraphs 3-4)
CHICAGO, April 11 (Reuters) - Motorola Inc. , the
world's second-largest mobile phone maker, said on Wednesday it
expects a loss in the second quarter that is a few cents wider
than the loss it reported for the first quarter.
Motorola late on Tuesday reported its first quarterly
operating loss in 15 years. The company said it lost $206
million from ongoing operations in the first quarter, or 9
cents a share, excluding special items, compared with a profit
of $481 million, or 21 cents, a year ago.
Robert Growney, president and chief operating officer, said
the company expects a larger loss in the second quarter, in
part because it expects manufacturing margins to be lower in
the second quarter.
In a statement, Growney said he expects manufacturing
margins to be lower in the second quarter, largely due to an
unfavorable mix shift in sales, including a decline in
semiconductor sales sequentially from the first quarter.
The company said sales in the second quarter are expected
to "increase somewhat" from the $7.8 billion reported for the
first quarter.
Motorola said it expects a gradual increase in sales and
profitability in the second half. |
