Tuesday, May 1, 2012

Motorola Mobility, recently bought by Google, posts $86 million quarterly loss; revenue up slightly to $3.1 billion

Motorola Mobility announced its Q1 2012 earnings this afternoon after the bell. The company, recently acquired by Google, posted a non-GAAP operating loss on the quarter of $86 million, a GAAP operating loss of $121 million.

The company shipped and sold $2.2 billion worth of mobile devices in the quarter, up 3 percent from a year ago.

Motorola did not announce sales for its tablets according to those who listened in to the conference call, though the company did say that it had shipped 8.9 million devices, and of those 5.1 million were smartphones.

"The introduction of RAZR MAXX marked another successful addition to the Motorola product family and contributed to our growth in smartphones," Motorola's chief executive said in the earnings statement. "Our Home business delivered another solid quarter highlighted by improvement in year-over-year profitability. We continue to work closely with Google to complete the proposed merger during the first half of the year."