Freescale's Q4 Sales Decline to $1.01 billion

Freescale Semiconductor reported net sales for the fourth quarter of 2011 were $1.01 billion, compared to $1.14 billion in the third quarter of 2011 and $1.18 billion in the fourth quarter last year. Net sales for calendar year 2011 were $4.57 billion compared to $4.46 billion in calendar year 2010.


The net loss for the fourth quarter of 2011 was $6 million, or $.02 per share, compared to a loss of $88 million, or $.36 per share, in the third quarter of 2011 and a loss of $102 million, or $.52 per share, in the same period last year. The net loss for calendar year 2011 was $410 million or $1.82 per share compared to a loss of $1.05 billion or $5.35 per share in calendar year 2010.


"The Freescale team executed well in 2011,�? said Rich Beyer, chairman and CEO. “We grew revenues, improved margins and significantly improved our capital structure through an initial public offering. Mhttp://www.freescale.com