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Tuesday, October 17, 2006

Motorola Says, "Bye Bye Moto!"

Motorola (MOT) posted in-line earnings but missed top-line numbers with $0.34 EPS & R$10.6 Billion compared to estimates of $0.34 & $11.05 Billion. T

he company also guided $11.8 Billion to $12.1 Billion next quarter, but estimates are $12.1 Billion.

Its shares closed down 2.5% at $24.85, and shares were down at $24.33 after the report. Shares of MOT were trading under $20 for most of the early summer before last earnings, so a net miss wasn't really baked in for today. Shares closed as high as $26.20 two trading days ago.

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