Weak phone sales hurt Motorola earnings

By Margaret Kane, CNET News.com
Friday, April 25, 2008 09:28 AM

Motorola on Thursday reported a first-quarter loss of US$194 million, or 9 cents per share, up from a year-ago a loss of US$181 million, or 8 cents a share, in the year-ago quarter.

The report comes as the company is struggling to reorganize its mobile-phone business before it separates into two companies.

Net sales for the quarter were US$7.45 billion, down from US$9.43 billion a year ago.

Sales at the Mobile Devices division were US$3.3 billion, down 39 percent compared to a year ago. That division reported an operating loss of US$418 million, up from US$233 million in the year-ago quarter. During the quarter, the company shipped 27.4 million handsets.

This article was originally a blog post on CNET News.com.


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