Motorola Q4 Sales Disappoint; Stock Sinks

Motorola (MOT) shares are heading lower in early trading on disappointing Q4 sales, as the arrival of the Droid failed to stem an overall decline in the company’s handset sales.

The company posted sales for the quarter of $5.7 billion, down from $7.1 billion a year ago, and below the Street consensus at $7.1 billion. Profits were 6 cents a share on a GAAP basis, including 3 cents in special charges and 4 cents a share in expenses related to stock-based compensation.

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