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Motorola reported a net profit of $100 million, or 4 cents per share, compared to a year-earlier profit of $623 million, or 25 cents per share. Sales fell to $9.65 billion from $11.79 billion a year earlier.
On a continuing operations basis, Motorola reported a profit of 5 cents per share. That figure includes charges of 9 cents per share for asset write-downs, layoffs and a legal settlement.
Analysts polled by Thomson Financial, on average, expected earnings per share of 13 cents on revenue of $9.6 billion for the quarter.
"The recovery in Mobile Devices will take longer than expected and there is a lot more work to be done," Motorola Chief Executive Greg Brown said in a statement. "Our primary focus is on improving profitability and enhancing our product portfolio in this business."
For the first quarter the company forecast a loss from continuing operations of 5 cents to 7 cents per share. Analysts expect earnings per share of 10 cents for the first quarter.
[Associated Press]
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