statuesquejail5: Motorola Mobility reports robust growth in last quarter, but predicts difficult times ahead

2011-01-26

Motorola Mobility reports robust growth in last quarter, but predicts difficult times ahead

Yes, we are deep in Q4 2010 financial reporting season, and Motorola's freshly independent Mobility arm is latest to step up and deliver its figures. Total revenue over the past three months reached $3.4 billion, marking a 21 percent increase year-on-year, net revenue from mobile devices was $2.4 billion, up by 33 percent year-on-year, and handset shipments were a seemingly healthy 4.9 million. That figure's disappointed Wall Street estimates, however -- the collective expectation, according to MarketWatch, was 5.2 million -- and the net profit of $80 million is barely (for a company of this size) in the black. More doom and gloom is cast by Motorola itself, which is predicting a difficult first quarter of 2011 that will end with the company losing between 9 and 21 cents per share in net terms. Ah well, let's try to enjoy the sunshine of Moto making money today and forget the rainclouds of tomorrow.

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Motorola Mobility reports robust growth in last quarter, but predicts difficult times ahead originally appeared on Engadget on Wed, 26 Jan 2011 17:57:00 EDT. Please see our terms for use of feeds.

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