Motorola Reports Q4 Sales of $5.7 billion

Motorola reported Q4 sales of $5.7 billion and GAAP earnings in the fourth quarter of 2009 were $142 million, or $0.06 per share. For the full year of 2009, sales were $22.0 billion. The full-year GAAP loss from continuing operations was $0.05 per share


Mobile Devices segment sales were $1.8 billion, down 22 percent compared with the year-ago quarter. The GAAP operating loss was $132 million, including $18 million of highlighted items, compared to an operating loss of $595 million in the year-ago quarter.


Enterprise Mobility Solutions segment sales were $2.0 billion, down 12 percent compared with the year-ago quarter. GAAP operating earnings were $368 million, compared with operating earnings of $466 million in the year-ago quarter. For the full year 2009, sales were $7.0 billion, compared to $8.1 billion in 2008, and the segment generated GAAP operating earnings of $1.1 billion, compared to $1.5 billion in 2008.


Home & Networks Mobility segment sales were $2.0 billion, down 24 percent compared with the year-ago quarter. GAAP operating earnings were $91 million, compared to $257 million in the year-ago quarter. For the full year 2009, sales were $8.0 billion, compared to $10.1 billion in 2008, and the segment generated GAAP operating earnings of $558 million, compared to $918 million in 2008.


For Q1 2010, the company is projecting a loss of $0.01 to $0.03 per share, excluding special charges.
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