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Motorola suffers a Q1 loss

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Author: WildC@rd

Motorola on Thursday reported a first-quarter loss of $194m, or 9 cents per share, up from a loss of $181m, or 8 cents a share, in the same period last year. The report comes as the company is struggling to reorganise its mobile phone business before it separates into two companies. Net sales for the quarter were $7.45bn, down from $9.43bn a year ago. Sales at the Mobile Devices division were $3.3bn, down 39 per cent compared to a year ago. That division reported an operating loss of $418m, up from $233m in the year-ago quarter. During the quarter, the company shipped 27.4 million handsets.
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