Feeds

Motorola accidentally makes a profit

Someone take an early vacation?

Intelligent flash storage arrays

Motorola wrong-footed the markets this morning when it turned in an unexpected profit for its second quarter and said it would be in the black for the year.

However, the better-than-anticipated bottom line had nothing to do with its mobile devices division, which still managed to show sliding sales and increased losses.

Schaumburg’s finest turned in overall revenues of $8.1bn, compared to last year’s $8.7bn. Improved profits at its home and networks mobility and enterprise mobility arms helped it claw its way into the black to the tune of a whole $4m, compared to a $28m loss a year ago.

Once the figures had been put through the non-GAAP wringer, earnings per share came in at $0.00. Wall Street had been braced for a loss of $0.03 per share.

While investors got an unlooked-for fillip this quarter, they needn’t expect the same next time around. Motorola said earnings in the current quarter should be $0.00 to $0.02 per share – the consensus estimate is $0.01.

Still, the firm said that full-year EPS should be £0.06 to $0.08, well above the current consensus of $0.01.

Sadly for Motorola, the handheld devices business did not match the bounce back at the home and networks and mobility arms, turning in sales of $3.3bn, down 22 per cent on the year. Last year’s $332m operating loss swelled to a $346m loss this year.

The company sought to comfort itself by saying it maintained its share of the handset market by shipping 28.1 million handsets and that it kept its market leadership in North America.

No wonder it was pleased to report that it had made progress on its plans to hive off the handset division into a separately listed firm. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.