Motorola files another small profit in fourth quarter

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http://www.blogcdn.com/www.engadget.com/media/2009/07/happy-motorola-face.jpg (http://www.prnewswire.com/news-releases/motorola-announces-fourth-quarter-and-full-year-2009-financial-results-82881722.html)Moto appears to be continuing its long, arduous road toward recovery on news of its financial results for the fourth quarter of '09 -- or, at the very least, it's not losing any ground. Overall, the company posted a meager profit of $142 million for the quarter on revenue of $5.723 billion, $14 million better than a quarter prior (http://www.engadget.com/2009/10/29/motorola-posts-small-3q-profit-picks-new-cfo/) and a staggering $3.799 billion better than the same quarter a year ago. Breaking it down by division, Mobile Devices is still in the red, but not by terribly much -- it did $1.8 billion in sales with an operating loss of $132 million, while Home and Networks Mobility (the guys responsible for wireless infrastructure and set-top boxes) made $91 million on sales of $2 billion. Some 12 million handsets were shipped in the quarter alongside 3.4 million set-tops; that marks a downtick of 1.4 million phones from the third quarter, but as the company shifts focus to smartphones, it makes sense that would happen to a certain extent -- provided the company can keep margins high. The company expects to lose somewhere between 1 and 3 cents per share in the first quarter of 2010, so the recovery isn't complete yet -- but stemming the bleeding was an important first step.Motorola files another small profit in fourth quarter (http://www.engadget.com/2010/01/28/motorola-files-another-small-profit-in-fourth-quarter/) originally appeared on Engadget (http://www.engadget.com) on Thu, 28 Jan 2010 12:25:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).


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