Moto's losses narrow as it prepares for life at Google

Motorola reported third-quarter results on Thursday in what could be its last report as an independent company

Motorola Mobility reported a net loss of US$32 million, or $0.11 a share, on net revenue of $3.26 billion for the third quarter, as the phone maker prepares to become a part of Google.

It could be the last quarterly earnings report from Motorola as a stand-alone company. In August, Google announced plans to acquire the handset maker in a controversial deal that some observers say could drive away Android phone makers that fear Motorola will have an unfair advantage under Google's wing.

Revenue was up 11 percent over the third quarter last year, Motorola said. Analysts polled by Thomson Financial were expecting slightly better revenue of $3.37 billion.

The loss was a bit better than the third quarter last year, when Motorola recorded a net loss of $34 million.

Revenue in mobile devices, which make up the bulk of the company's business, was $2.4 billion, up 20 percent over the same time last year. The operating loss for the division was $41 million, slightly better than the loss of $43 million last year.

Motorola shipped 11.6 million devices, including 4.8 million smartphones. Its tablet business continues to lag, however. Motorola shipped just 100,000 Xoom tablets, despite finally starting to sell the 4G version of the tablet. Motorola has struggled to start delivering phones and tablets that can run on the higher-speed 4G networks.

The company did not offer expectations for the final quarter of the year, although last quarter it said it expected to be profitable in the fourth quarter and for the full year. It's not clear how Google will report Motorola results once its acquisition is complete.

Motorola continues to expect its acquisition by Google to close by the end of this year or early next, even though the U.S. Department of Justice has asked both Google and Motorola for more information about the agreement. Such scrutiny from the government is likely to slow down the closing of the deal. The acquisition also requires antitrust clearance by the European Commission, Canada, China, Israel, Russia, Taiwan and Turkey, Motorola said.

The handset maker is not conducting a conference call to discuss the quarterly earnings.

Nancy Gohring covers mobile phones and cloud computing for The IDG News Service. Follow Nancy on Twitter at @idgnancy. Nancy's e-mail address is Nancy_Gohring@idg.com

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags mobileMotorolabusiness issuesfinancial results

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Nancy Gohring

IDG News Service
Show Comments

Essentials

James Cook University - Master of Data Science Online Course

Learn more >

Mobile

Exec

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?