Motorola said it expected first quarter sales of $6-$6.2 billion,...
Motorola said it expected first quarter sales of $6-$6.2 billion, with loss of 11-14 cents per share in same period, excluding special items. Sales from continuing operations are expected to drop 5-10% for full year from 2001, although Motorola…
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forecast it would return to profitability in 3rd quarter and turn profit for full year 2002. Company said analyst projections that earnings would reach 4 cents per share for full year “is not only achievable but can be exceeded.” It said if sales hit high end of its guidance range and wireless handset and semiconductor industries meet growth forecasts, company could earn 15 cents per share in 2002, excluding special items.