Motorola, the world's second-largest mobile phone maker, reported on Tuesday a first quarter operating loss, its first in 15 years, reflecting weakness across all of its business units due to the downturn in the U.S. economy.
Motorola (MOT), said it lost $206 million from ongoing operations in the first quarter, or 9 cents a share, excluding special items, compared with a profit of $481 million, or 21 cents, a year ago.
Analysts were expecting the company to report a loss between a penny and 14 cents, according to market research firm Thomson Financial/First Call. The wireless communications and semiconductor giant warned in February it could report a first-quarter loss if an economic slowdown persisted.
Revenues for the period ending March 31 also fell 11 percent to $7.8 billion from $8.8 billion a year ago.
