Motorola (MOT) added its voice to the tech sector's chorus of boos Thursday as it warned of a third-quarter revenue shortfall.The struggling wireless equipment maker projected that third-quarter revenue would be flat with the second quarter's $7.5 billion, due to continuing softness in the end markets for mobile phones, wireless base station equipment and chips. When the company delivered its third-quarter outlook on July 12, it projected a 5% sequential rise; accordingly, analysts had projected third-quarter revenue of $7.8 billion.
Motorola Warns Again
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.