Motorola has posted a 45 per cent drop in fourth quarter earnings, which were slightly below analysts? expectations.
The decline was attributed to a $150 million restructuring charge incurred after the company made staff lay-offs, mostly in its semiconductor business, last year.
Earnings were $238 million, or 39 cents a share, compared with $432 million, or 72 cents a share last year. Sales were up five per cent at $7.7 billion. Analysts expected sales of roughly $7 billion.
Connexin drops out of Ofcom auction due to start next week
SwiftKey users now send two billion emoji every week
Recruitment plans are 'most ambitious ever', claims Openreach HR director Kevin Brady
Samsung's under-the-hood improvements separate the S9 from the pack when it comes to the display