Motorola Inc warned on Wednesday that it would post a first-quarter loss, citing weaker-than-expected sales for its mobile devices business.
The company said it expects a first-quarter net loss of 7 cents to 9 cents per share on revenue of $9.2 billion to $9.3 billion.
The company also said it would increase its share repurchase program to $7.5 billion worth of common stock. It also said its Chief Financial Officer David Devonshire would retire effective April 1.
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