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Motorola Solutions’ profit forecast falls short, shares slide

(Reuters) - Motorola Solutions Inc., best known as a manufacturer of walkie-talkies and radio systems, blaming poor sales in Latin America and a st...

 

Motorola Solutions' profit forecast falls short, shares slide

(Reuters) – Motorola Solutions Inc., best known as a manufacturer of walkie-talkies and radio systems, blaming poor sales in Latin America and a strong dollar for the profit forecast for the current quarter that are far short of expectations has <. / P>

shares of the company – not associated with mobile phones and set-top box maker Motorola Mobility -. dropped about 9 percent in early trading on Wednesday

Motorola Solutions sales slip as large customers, which include the police and fire departments and other public bodies are affected by the cuts.

The Schaumburg, Illinois-based company, well communication services to governments, corporations and public safety agencies, has specific problems faced in Latin America.

The turnover in the region has 22 per cent of US $ 85 million in the third quarter, accounting for about 6 percent of total revenue. Latin America accounts for about 9 percent of sales in 2014.

“We have increased softness and economic uncertainty in both Latin America and Eastern Europe, which dampen our vision of the fourth quarter,” Head Executive Greg Brown said on a conference call with analysts.

Motorola Solutions is when powering up its services business growth, and the company earlier this year that private equity firm Silver Lake would invest $ 1000000000 to the other side of the promotion of business.

Motorola Solutions has said that for the current quarter, expected a profit of $ 1.45 to $ 1.50 per share from continuing operations, excluding items, well below the average analyst estimate of $ 1, 57 , according to Thomson Reuters I / B / E / S

Revenue is expected to grow by 6-8 percent.

“I used this company gives disappointing guidance … they constantly over-prediction,” MKM Partners analyst Michael Genovese told Reuters.

Total income has about 1 percent to $ 1.42 billion in the three months to October 3. exclusion of the effect of the strong dollar, sales increased 3 percent.

Net profit from continuing operations attributable to Motorola Solutions nearly doubled to $ 126 million, or 63 cents per share. Costs are 1.9 percent to $ 737 million, and the company said it expected to cut operating expenses by $ 125 million in 2016.

Revenue from North America, the company’s largest market, is 5 percent, helped by demand from the US government.

Excluding items, the company earned 82 cents per share from continuing operations. Analysts on average have earnings of 73 cents per share and expects revenue of $ 1.41 billion.

Until Wednesday close of $ 71.36, the shares have risen about 6.4 percent on the year.

(Reporting by Devika Krishna Kumar in Bangalore; Editing by Ted Kerr)

Discovery Communications’ profit misses Wall Street view

 

Discovery Communications' profit misses Wall Street view

Discovery Communications Inc. reported a decline greater than expected quarterly earnings, eclipsing higher advertising revenues of the cable channels.

Discovery

said Thursday that fourth-quarter net income fell 33 percent to $ 224 million, or 61 cents per share. Analysts on average expected 76 cents per share, according to Thomson Reuters I / B / E / S.

Actions

Discovery fell 2.4 percent to $ 69.78 in morning trading.

The company attributed the decline to higher taxes, and stock-based compensation expense as a result of acquisitions, such as Germany, ProSiebenSat.1 Media AG 12 Nordic TV stations for $ 1.7 billion.

However, the company’s cable networks include Discovery Channel, TLC and Animal Planet, said total sales rose 8 percent to $ 1.2 billion, in line with analysts’ expectations .

Discovery

predict 2013 earnings of 5.58 billion to 5.70 billion euros. Analysts expected $ 5.43 billion.

society entertainment mogul Oprah Winfrey in cooperation with private network – a major undertaking and expensive city – is in full swing, officials said during a call with analysts

.

“Oprah did a great job,” said Discovery CEO David Zaslav. “Everything is moving in the right direction.”

Winfrey, who the day televised debates dominated for decades, trying his winning formula on the cable to replicate. OWN marked a two-part interview with disgraced cyclist Lance Armstrong, but not to his own record breaking viewer with the most watched show with an interview with the family of the deceased Whitney Houston.

viewers were a popular subject of the appeal. Executives and analysts note that some of Discovery most talked about shows like “Gold Rush”, “Finding Bigfoot” and “Breaking Amish” not much money to make advertisers as traditional broadcasters for their programs.

“We’re always the argument that we have a wider audience and we need more money,” said Zaslav.

In general the rate

advertisement for a commercial exploitation Discovery is about 33 percent lower than what your rivals, he said.

Advertising revenue increased 9 percent

to $ 397 million in the fourth quarter of the American chains of society and increased 16 percent to $ 185 million in global networks of cables.

“If anything, people expect to exceed them,” Macquarie Research analyst Amy Young said on advertising revenue.

Discovery

said it expects advertising revenues to grow at a rate to a high rate in the first quarter.

One area where discovery remains away is an initiative known as TV Everywhere, which allows cable subscribers to access content on multiple devices, such as smartphones and tablets. The company is looking at how to assess such agreements.

“The biggest risk to the ecosystem is that distributors like Netflix online videos a better quality product than traditional television,” said Gabelli &, Co analyst Brett Harriss. “TV Everywhere is a way to respond, and Discovery takes a more moderate approach.”