Moto’s earnings for the first quarter came out today, and they pretty much echo what the company managed to do in the fourth quarter of 2009 — pull a small profit thanks to performance from the Home, Enterprise Mobility, and Network groups in the face of an operating loss from the Mobile Devices (read: phones) division. Unfortunately, all of the numbers are just a little bit worse across the board; Motorola didn’t have any Droid -style blockbuster launches or major gift-giving holidays to help it along this quarter, and ended up dropping $192 million in the hole compared to $132 million in the quarter prior. Co-CEO Sanjay Jha still seems upbeat, though — and he’d better, considering that he’ll lead the spun-off phone division after the breakup — pointing out that shipments actually increased in the quarter with the release of six new handsets. When you throw all the numbers together, the combined company posted $69 million in earnings, down from $142 million in the fourth quarter; hey, that’s still better than a loss, especially considering that it’s estimating considerably higher earnings in the current quarter. Follow the break for Motorola’s release. Continue reading Motorola posts another tiny quarterly profit, phone division not yet pulling its weight Motorola posts another tiny quarterly profit, phone division not yet pulling its weight originally appeared on Engadget on Thu, 29 Apr 2010 12:46:00 EST. Please see our terms for use of feeds . Permalink
Posts Tagged ‘earnings report’
Motorola posts another tiny quarterly profit, phone division not yet pulling its weight
April 30th, 2010 
admin 
Posted in engadget 
Tags: came-out-today, earnings, earnings report, earningsreport, engadget, entry, from-the-mobile, higher-earnings, mobile, moto, motorola, network, quarterly earnings, tiny 
No Comments »Verizon posts first quarter numbers, gets bested by AT&T’s
April 23rd, 2010 jedwan Verizon may have nearly six million more wireless customers in total than its closest rival, AT&T — 92.8 million to 87.0 million, to be exact — but that doesn’t necessarily mean it’s got the healthiest financials, as evidenced by the Q1 ’10 numbers posted this week by the two companies. AT&T came through yesterday with $2.5 billion in income that would’ve actually been $3.1 billion had it not been for a one-time charge related to employee healthcare; Verizon, meanwhile, clocked just $400 million on revenue of $26.9 billion after $962 million in various charges (including one related to — you guessed it — healthcare). That compares to $1.6 billion in income in the same quarter last year, but it’s still admittedly a good deal rosier than the net operating loss it posted in the last quarter after charges had been applied. For what it’s worth, Big Red is quick to accentuate the positive by pointing out its 1.5 million organic net wireless adds and a significant increase in data revenue year over year — 26.4 percent, in fact, a number for which it probably has the Droid to thank. Verizon posts first quarter numbers, gets bested by AT&T’s originally appeared on Engadget on Thu, 22 Apr 2010 19:41:00 EST. Please see our terms for use of feeds . Permalink
Posted in engadget Tags: actually-been, earnings, earnings report, entry, million-organic, net-operating, numbers-posted, one-time-charge, quarter-numbers, verizon No Comments »Sprint turns in larger loss in fourth quarter, subscribers still leaving
February 10th, 2010 admin Though you’d have to argue that Sprint is a leaner, smarter company than it was a couple years ago, it’s not out of the woods yet. The company’s fourth quarter earnings show that it’s still losing money to the tune of $980 million — a $502 million decline from the quarter prior — and net wireless subscribers declined by some 148,000, though there’s a lot of hand-waving here (iDEN lost 504,000 subs, for example, while the CDMA network actually gained 3,000, and there were a couple big acquisitions thrown into the mix). Churn decreased slightly against both the third quarter and the fourth quarter of ’08 — a good sign, to be sure — and ARPUs were generally up, though prepaid ARPU specifically took a hit as a result of the Virgin Mobile buy ; who knew that Virgin customers had lower ARPUs than Boost’s? To end on a high note, Sprint says it’s working with the highest free cash flow in company history and it saw its first net gain in CDMA subs (however small that gain might be) in six quarters, so there’s reason to keep the faith — and maybe this Supersonic can work some more magic, right? Sprint turns in larger loss in fourth quarter, subscribers still leaving originally appeared on Engadget Mobile on Wed, 10 Feb 2010 12:55:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Posted in att, engadget, htc, LG Tags: aol, att, days-ago, earnings, earnings report, earningsreport, engadget, fcc-fridays, financial, japanese, return-false, sprint, supersonic No Comments »Motorola files another small profit in fourth quarter
January 28th, 2010 jedwan Moto appears to be continuing its long, arduous road toward recovery on news of its financial results for the fourth quarter of ’09 — or, at the very least, it’s not losing any ground. Overall, the company posted a meager profit of $142 million for the quarter on revenue of $5.723 billion, $14 million better than a quarter prior and a staggering $3.799 billion better than the same quarter a year ago. Breaking it down by division, Mobile Devices is still in the red, but not by terribly much — it did $1.8 billion in sales with an operating loss of $132 million, while Home and Networks Mobility (the guys responsible for wireless infrastructure and set-top boxes) made $91 million on sales of $2 billion. Some 12 million handsets were shipped in the quarter alongside 3.4 million set-tops; that marks a downtick of 1.4 million phones from the third quarter, but as the company shifts focus to smartphones, it makes sense that would happen to a certain extent — provided the company can keep margins high. The company expects to lose somewhere between 1 and 3 cents per share in the first quarter of 2010, so the recovery isn’t complete yet — but stemming the bleeding was an important first step. Motorola files another small profit in fourth quarter originally appeared on Engadget on Thu, 28 Jan 2010 12:25:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Posted in att, engadget, LG Tags: apple, b3astofthe3ast, droid, earnings, earnings report, motorola, neutral, report No Comments »Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement
December 17th, 2009 admin We don’t know just how quickly Palm (or Elevation Partners, for that matter) thought it’d become profitable following the release of webOS , but it’s not there quite yet — the company is in the process of outing its earnings for the second quarter of fiscal year 2010 right now, and in a word, they’re still in the red. The good news is that it’s a marked improvement from last quarter — they’ve gone from a $164.5M GAAP net loss to an $85.4M one this time around. On a non-GAAP gross basis, they actually made $5.5M, which is up from $2.8M a quarter earlier. They’ve got $590 million in cash and other “short-term investments” on the book right now, which seems like it should be enough to keep the company going without a profit or additional cash infusion for at least a few additional quarters, but then again, burn rate is going to vary with just how much hardware and software R&D they’re doing and the kinds of carrier deals they’re scoring. We bet they’re looking forward to this Verizon business going down, eh? Update: Palm’s specifically saying that they’re looking to grow carrier and geographic coverage right now — a good plan, if we say so ourselves. Update 2: They’ve sold 784,000 phones in the quarter, which compares to 823,000 in the last — a 5 percent drop. That’s up 41 percent from the same quarter a year ago… but yeah, of course it’s going to be way up from the pre-webOS days. Update 3: Over 800 apps in the catalog so far, once they graduate from the Early Access Program exclusivity, Palm foresees a “flood” of apps. No plans right now to change SDK strategy to a more native development environment. Palm loses $85.4 million in latest reported quarter — hey, it’s an improvement originally appeared on Engadget on Thu, 17 Dec 2009 16:55:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Posted in att, engadget, LG Tags: 17th-2009, att, breaking-news, earningreport, earnings report, earningsreport, financials, neutral, palm, verizon No Comments »
