Motorola Beats on Reduced Operating Costs, Sales Still Down
Zacks.com submits:
Motorola Inc. (MOT) Thursday declared financial results for the fourth quarter 2009. Quarterly net income from continuing operations was $142 million or 6 cents per share, compared to a net loss of $3.66 million or $1.61 per share in the prior-year quarter. Fourth quarter adjusted (excluding special items) EPS was 9 cents, which topped the Zacks Consensus Estimate of 8 cents. Improvement in net income was primarily due to the huge reduction in operating expenditure. Quarterly total revenue was $5,723 million, down 5% year-over-year and also below the Zacks Consensus Estimate of $5,961 million.Complete Story »
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