Motorola posts 4th-quarter profit as costs fall and mobile division pares losses
By APThursday, January 28, 2010
Motorola posts 4Q profit, reversing loss
NEW YORK — Motorola says cost cutting and better results in its mobile phone division led the company to turn a profit in the latest quarter.
The company has been looking to reverse the decline of its cell phone business with new “smart” phones based on Google’s Android mobile software. Two new phones — the Cliq and the Droid — went on sale in the fourth quarter.
Motorola showed strong sales of the new phones, shipping 2 million units. But overall cell phone sales were lower than expected at 12 million units.
Motorola earned $142 million, or 6 cents per share. Excluding unusual items, earnings in the most recent quarter were 9 cents per share.
Revenue fell 20 percent to $5.7 billion.
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