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Motorola Mashed Again

Stock quotes in this article: MOT , NOK , S  

Updated from 9:06 a.m. EST

Shares of Motorola (MOT Quote) plunged more than 20% Wednesday after the wireless giant gave weaker-than-expected guidance amid continued troubles in its mobile phone unit.

For the fourth quarter, the Schaumburg, Ill., company posted an adjusted profit of 14 cents a share, well below the year-earlier level of 26 cents, but a penny better than the 13 cents analysts were looking for.

Sales for the fourth quarter were $9.65 billion, up from $9.43 billion a year earlier and slightly above the $9.6 billion Wall Street was expecting. ...

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