Motorola reported 4Q05 earnings last night that showed continued strong y/y growth, but the stock dropped 4.5% after hours -- an indication that expectations have been raised considerably for MOT. Here's the full MOT conference call transcript. The key numbers:
Revenue: $10.43 billion -- lower than analyst estimates of $10.5 billion. EPS: $0.47 ($1.2 billion) -- higher than analyst estimates of $0.34. Revenue guidance 1Q06: $9.3- 9.5 billion -- in line with estimates. EPS guidance 1Q06: $0.27 - $0.29 -- in line with estimates.
Motorola announced that its worldwide handset market share has reached 19% -- up 3% y/y and up 0.5% from 3Q05. [Nokia holds first place with 33% and Samsung is third with 13% - Gartner. Chart from WSJ]
Lehman Brothers analyst Tim Luke: "The results are broadly in line with expectations and show solid handset revenue growth and share gains... Despite some delays on new products, we expect further share gains going forward."