Electronics and mobile phone giant Motorola said its third-quarter sales slipped to $6.371 billion, a 14 per cent fall from the $7.392 billion reported a year earlier, missing Wall Street expectations.
However, the company's GAAP (generally accepted accounting principles) earnings per share of five cents were sharply higher than last year's loss of 64 cents a share, and in line with consensus estimates.
Wall Street had been expecting third-quarter EPS of five cents on sales of $6.737 billion.
Excluding special items, Motorola's net earnings were $141.0 million - or six cents a share - substantially higher than the net loss of $158.0 million - or seven cents a share - reported in the same period a year ago.
In the quarter, the company took a net charge of $2.0 billion pre-tax, or $1.3 billion after tax, relating to special items.
AFP