Motorola Mobility reported third-quarter revenues of USD 3.3 billion, up 11 percent from a year earlier. The company's net loss narrowed slightly, to USD 32 million or 11 cents a share versus USD 34 million or 12 cents a share a year ago. Excluding one-time items, it posted a profit of 12 cents per share, down from 13 cents last year. The Mobile Devices division posted sales up 20 percent year-on-year to USD 2.4 billion on strong demand for its Android smartphones. Motorola shipped 11.6 million devices in the quarter, including 4.8 million smartphones and 100,000 Xoom tablets. That compares to second-quarter shipments of 11.0 million mobile devices, including 4.4 million smartphones and 440,000 tablets. The adjusted operating profit at the division improved to USD 15 million from USD 3 million a year ago. The Home division saw revenues fall 10 percent to USD 825 million, while adjusted operating profit was flat at USD 77 million. Set-top box shipments were down 3 percent compared to the year-ago quarter. After operating cash flow of USD 25 million in the quarter, Motorola finished September with USD 3.3 billion in cash. Motorola said it will hold a shareholders meeting on 17 November to vote on the proposed takeover by Google, and the companies have filed for regulatory approval of the deal. Subject to these clearances, the takeover is expected to close in late 2011 or early 2012.
