Weak results hit Motorola shares

Motorola's latest results have disappointed

Shares in Motorola have fallen 8% after the firm's latest quarterly revenues failed to meet Wall Street targets.

Reporting results for the three months to the end of September, Motorola said revenues rose 17% compared to the same time last year to $10.6bn (£5.7bn).

Hit by weaker-than-expected sales, the firm's performance fell below average analyst predictions of $11.06bn.

Profits at the world's second-largest mobile phone firm fell 45%, but this was due to a one-off gain last year.

Motorola's third-quarter net profit fell to $968m, or 39 cents a share, from $1.75bn, or 69 cents a share, a year ago.

When last year's one-off gain is pulled out - an investment in Nextel Communications - Motorola's profits during the third quarter of 2005 were 30 cents a share.