
Motorola returns to revenue growth in Q3

Motorola reported its first sales growth since 2006 in the third quarter, growing revenues 6 percent year-on-year to USD 5.8 billion. Excluding the operations to be sold to Nokia Siemens Networks, sales rose 13 percent to USD 4.9 billion. EPS, excluding the discontinued operations, increased to USD 0.05 from USD 0.01 a year ago. Motorola generated positive operating cash flow from continuing operations of USD 502 million and ended the quarter with a total cash position of USD 9.0 billion. The Mobile Devices division moved to an operating profit of USD 3 million when excluding one-time items, versus a loss of USD 183 million a year ago. Revenues rose 20 percent year-on-year to USD 2.0 billion. Smartphone shipments reached 3.8 million, after 22 devices launched this year. The Home segment sales rose 5 percent to USD 912 million, and adjusted operating profit increased to USD 77 million from USD 43 million a year earlier. Enterprise Mobility Solutions sales, which now include the iDen infrastructure business, were USD 1.9 billion, up 9 percent compared with the year-ago quarter. Operating profit at the unit rose to USD 321 million from USD 303 million. Motorola forecast fourth-quarter earnings from continuing operations of USD 0.14-0.16 per share.
Categories:
Companies:
Regions:
Complete profile
Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.