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Motorola beat analyst expectations with their third quarter financial results today. Overall sales for the quarter reached $5.5 billion, translating to $616 million in positive cash flow and$0.01 per share. Their mobile devices division specifically shipped 13.6 million units (4.7% market share, down from 25.4 million last year), and reduced operating loss to $183 million, versus a loss of $840 million in Q3 ’08. Motorola’s first quarter this year cast quite a shadow on their 2009, but between these relatively bright results, the burgeoning cliq and the promising droid devices, Q4 is looking pretty good. Here are some quick analyst reactions to the report:
“In the third quarter the upside is primarily driven by their enterprise business and continued cost rationalization in the mobile devices business.” – Matthew Thornton, Avian Securities
“They have been very effective in cost cutting and the Droid really is the best device Motorola has come up with since 2005.” – Tero Kuittinen, MKM Partners LP
“Motorola will get a waiver from investors as long as it shows directional improvements in its financial model.” – Mark Sue, RBC Capital
For more financial news and keeping an eye on wireless stock, take a gander at our Finance section.
[via Motorola]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
