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Motorola Announces Financials (1/28/10)
Motorola reported sales of $5.7 billion in the fourth quarter of 2009. During the quarter, the company generated positive operating cash flow of $877 million.
“We performed well in the face of a challenging environment in 2009. Our results demonstrate the strength of our market leadership and the resilience of these businesses and our people,” said Greg Brown, Motorola co-chief executive officer and CEO of broadband mobility solutions. “As market growth returns, we are well positioned to take advantage of our investments in key global markets with a competitive cost structure.”
Enterprise mobility solutions segment sales, which includes the company’s two-way radio products, were $2 billion, down 12 percent compared with the year-ago quarter. GAAP operating earnings were $368 million compared with operating earnings of $466 million in the year-ago quarter. For the full-year 2009, sales were $7 billion compared with $8.1 billion in 2008, and the segment generated GAAP operating earnings of $1.1 billion compared with $1.5 billion in 2008.
As part of its enterprise mobility solutions highlights, Motorola cited shipping the APX 7500 multiband mobile radios. The company's outlook for the first quarter of 2010 is a loss of 1 – 3 cents per share.
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