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Motorola Posts 4Q Profit But Outlook is Low
SCHAUMBURG, Ill. (AP) -- Motorola is showing progress in its turnaround efforts, but a disappointing profit forecast sent its shares sliding Thursday.

Schaumburg-based Motorola's stock fell almost 10 percent in morning trading. But the shares are still more than double what they were trading for in March.

That's because optimism has grown that Motorola can salvage its cell phone business. The first fruits of its new approach, the Cliq and Droid smart phones, went on sale in the fourth quarter.

Those phones were well received, and Motorola reporting shipping 2 million units. But overall cell phone sales were lower than expected, at 12 million units.

Total revenue came to $5.7 billion, missing the average forecast from analysts of $5.9 billion.

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01 28 10 by Newsroom
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