Feeds

Motorola accidentally makes a profit

Someone take an early vacation?

Website security in corporate America

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. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
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.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.