Motorola Expects to Meet Forecasts

Motorola Inc. expects to meet second-quarter sales and loss forecasts it gave last month, Chief Executive Christopher Galvin said. The company expects sales of $6.3billion to $6.4billion and a loss of 4 cents a share.

The second-biggest mobile phone maker will continue to cut costs so it can break even with fewer sales, Galvin said without elaborating. The firm will start reporting “clean quarters” after it finishes recording reorganization expenses in three to five months, Chief Financial Officer David Devonshire said. Shares of Schaumburg, Ill.-based Motorola fell 40 cents to $16.40 on the NYSE. They have risen 9.2% this year.