Motorola
Date Submitted: 09/10/2006 03:24:23
Category: / Social Sciences / Communication Studies
Length: 3 pages (807 words)
Category: / Social Sciences / Communication Studies
Length: 3 pages (807 words)
Motorola (MOT: 22.50, -0.45, -2.0%) can relate to the sour market reception. The numbers it released last Thursday showed an 18% jump in fourth-quarter sales, a 68% surge in earnings per share (13 cents of which came from a Turkish telecom company's debt repayment), a 40% increase in mobile handset shipments and -- kiss of death -- in-line Q1 guidance. Investors' response: a harsh 8% selloff on Friday.
As for the one "surprise" in Nokia's report, here it is: Average selling …
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…to Thursday's pullback, it carried a price/earnings multiple of 16.7, slightly higher than the Standard & Poor's 500's 15.7, but lower than Motorola's 17.9, according to Zacks Investment Research. On a price/earnings growth, or PEG, basis, Nokia touts a multiple of 1.47, only slightly richer than Motorola's 1.39, according to Zacks. Since my story in September, Nokia shares have appreciated nearly 10%, yet they sport leaner valuations than they did four months ago.
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