Posts Tagged ‘patterns’
Motorola Q1 Earnings, Nokia’s Patterns and Apple
Written by Meraj Chhaya on April 24, 2008 – 10:47 pm
[Written by our financial expert, MH]
Finally we had Motorola Results, that were worst than what I was thinking of, and with that Motorola will probably continue going to lower levels.
Let me resume the story and tell you what really happened and why Motorola stocks (NYSE:MOT) didn’t fall more than 3%. and why they can tomorrow fall more than that.
In the first three months of 2008 Motorola said its loss widened to $194 million, or 9 cents a share, from a year-earlier loss of $181 million, or 8 cents a share. Sales dropped 21% to $7.45 billion from $9.43 billion.
Excluding one-time costs, Motorola would have lost 5 cents a share. On that basis, analysts were expected the company to lose 7 cents a share on revenue of $7.84 billion.
In the current second quarter, Motorola estimated it would lose 2 cents to 4 cents a share from operations, compared with Wall Street’s consensus prediction that the company would break even.
Motorola shipped 27.4 million wireless handsets in the first quarter, down from 40.9 million in the prior quarter and from its all-time high of 65.7 million in the 2006 fourth quarter. Wall Street was expecting the company to ship as many as 31 million.
The company’s global share has fallen to below 10% from nearly 23% in late 2006.
The handset division posted an operating loss of $418 million, compared with an operating loss of $233 million a year ago. The division lost $1.2 billion in all of 2007.
Mobile sales fell 39% to $3.3 billion from the year-ago quarter. The mobile unit accounted for just 44% of total sales, compared with as much as two-thirds of Motorola’s revenue just a few years ago.
EVERY THING FELL. Worst it couldn’t be, and I woudn’t be long on MOT stocks. The analysts’ reaction was truly bad, and Zacks Rank, the guys I follow have a Sell Rate to Motorola.
Today, Motorola shares didn’t fall much more mainly because all technological stocks were touching new relative highs, monthly or yearly highs as Apple, which made to day a very beautiful candle (on technical analysis).
But, in the other hand, Nokia also followed Motorola’s way touching new yearly lows at 28,28, but again doing the Doji Pattern (a pattern of recovering) as it done two days ago.
The THING right now that we need to watch is what Nokia will do, will their shares follow Motorola? Or, will they fight against the storm?
Tags: analysis, Apple, bankrupt, earnings, mh, money, Nokia, patterns, q1, results, showoff
Posted in Motorola, Nokia, Reviews, exclusive | 1 Comment »
