Motorola Ends String of Quarterly Losses
- Share via
Motorola Inc., the world’s second-largest mobile phone maker, posted a net profit in the third quarter that ended six straight quarters of net losses, helped by gains in its mobile phone unit and a lower restructuring charge.
Schaumburg, Ill.-based Motorola reported a net profit of $111 million, or 5 cents a share, contrasted with a net loss a year ago of $1.4 billion, or 64 cents a share. It said in July that it expected net earnings of about 2 cents a share. Sales slid 14% to $6.4 billion.
Motorola shares were unchanged at $10.10 on the New York Stock Exchange before results were announced. Shares fell 60 cents in after-hours trading.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
