Skip to main content

Motorola Reportedly Affirms

It's on track to meet analysts' fourth-quarter target of 13 cents a share.
  • Author:
  • Publish date:



affirmed it is "on track" to meet earnings and revenue targets for the fourth quarter, according to



For the fourth quarter, analysts polled by First Call expect the company to earn 13 cents a share on revenue of $7.7 billion. For full-year 2003, analysts expect the company to earn 21 cents a share on revenue of $26.7 billion, vs. earnings of 10 cents a share on revenue of $26.2 billion in 2002.

The stock is unchanged in pre-market Instinet trading at $12.77, but is up 41% for the year. It reached a 52-week high of $14.40 in early November at about the same time that departing Chairman and CEO Christopher Galvin agreed to remain with the company in a consulting role for two years.

The company announced in September that Galvin had decided to leave the company due to differences with the board regarding Motorola's turnaround strategy.