Moto appears to be continuing its long, arduous road toward recovery on news of its financial results for the fourth quarter of ’09 — or, at the very least, it’s not losing any ground. Overall, the company posted a meager profit of $142 million for the quarter on revenue of $5.723 billion, $14 million better than a quarter prior and a staggering $3.799 billion better than the same quarter a year ago. Breaking it down by division, Mobile Devices is still in the red, but not by terribly much — it did $1.8 billion in sales with an operating loss of $132 million, while Home and Networks Mobility (the guys responsible for wireless infrastructure and set-top boxes) made $91 million on sales of $2 billion. Some 12 million handsets were shipped in the quarter alongside 3.4 million set-tops; that marks a downtick of 1.4 million phones from the third quarter, but as the company shifts focus to smartphones, it makes sense that would happen to a certain extent — provided the company can keep margins high. The company expects to lose somewhere between 1 and 3 cents per share in the first quarter of 2010, so the recovery isn’t complete yet — but stemming the bleeding was an important first step.
Motorola files another small profit in fourth quarter originally appeared on Engadget on Thu, 28 Jan 2010 12:25:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Continue to read on Engadget Mobile
Related posts:
- Worldwide PC shipments up slightly in 2009 — is an even more decent 2010 underway?
- Intel profits recover to $2.3 billion in Q4 2009, company describes it as 875 percent jump
- Sony Ericsson stems — but doesn’t stop — losses in fourth quarter
- Verizon lost $653 million last quarter in spite of increasing revenues
- AT&T activated 3.1 million iPhones last quarter, 1 million non-phones
