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Motorola Mobility Q2 Earnings Call
Motorola si-a anuntat rezultatele financiare pe trimestrul 2 2011 : pierderi de 56 de milioane de $ la venituri de 3.3 miliarde. Adica pe minus ....
La deschiderea bursei actiunile pierdusera 8 procente .
Motorola Mobility Announces Second-Quarter Financial Results
Second Quarter Financial Highlights
-Net revenues of $3.3 billion, up 28 percent from second quarter 2010
-GAAP net loss of $0.19 per share compared to net earnings of $0.27 per share in
second quarter 2010
-Non-GAAP earnings of $0.09 per share compared to $0.30 loss in second
-Mobile Devices revenues of $2.4 billion, up 41 percent from second quarter
2010; GAAP operating loss of $85 million; non-GAAP operating loss of $31
-Shipped 11.0 million mobile devices, including 4.4 million smartphones and 440,000 tablets
-Home revenues of $907 million, up 2 percent from second quarter 2010; GAAP
operating earnings of $62 million; non-GAAP operating earnings of $90 million
LIBERTYVILLE, Ill. – July 28, 2011 – Motorola Mobility Holdings, Inc. (NYSE: MMI)
today reported net revenues of $3.3 billion in the second quarter of 2011, up 28 percent
from the second quarter of 2010. The GAAP net loss in the second quarter of 2011 was $56 million, or $0.19 per share, compared to net earnings of $80 million, or $0.27 per share, in the second quarter of 2010. On a non-GAAP basis, the net earnings in the second quarter of 2011 were $26 million, or $0.09 per share, compared to a loss of $87
million, or $0.30 per share, in the second quarter of 2010.
Total cash at the end of the quarter was $3.2 billion and includes cash, cash equivalents and cash deposits, and operating cash flow was breakeven for the quarter.
Details on non-GAAP adjustments and the use of non-GAAP measures are included later in this press release and in the financial tables.
"In the second quarter, Mobile Devices launched several new smartphones in the U.S. and markets around the world. Revenues grew over 40 percent driven largely by Latin America and China where sales more than doubled year over year. Our Home business delivered another strong performance, and we introduced several innovative products
and services for next generation multi-screen video solutions," said Sanjay Jha, chairman and chief executive officer, Motorola Mobility. "With a focus on profitable growth and delivering differentiated LTE smartphones and tablets, we expect to achieve profitability in Mobile Devices in the fourth quarter and for the full year 2011."
Operating Results Mobile Devices net revenues in the second quarter were $2.4 billion, up 41 percent compared with the year-ago quarter. The GAAP operating loss was $85 million compared to operating earnings of $87 million in the year-ago quarter. The non-GAAP operating loss was $31 million compared to an operating loss of $109 million in the
year-ago quarter. The Company shipped a total of 11.0 million mobile devices, including 4.4 million smartphones and 440,000 Motorola XOOM™ tablets. In the second quarter of 2010, the company shipped 8.3 million mobile devices, including 2.7 million smartphones.
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