Motorola Announces Third Quarter Sales and Earnings Oct 26, 2007

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Motorola, Inc. reported sales of US$8.8 billion for the third quarter of 2007. The GAAP earnings from continuing operations for the third quarter of 2007 were $0.02 per share, which includes net charges of $0.04 per share related to charges associated with previously announced workforce reductions and a write-down of intangible assets.

Mobile Devices segment sales were $4.5 billion, down 36% compared with the year-ago quarter. Excluding highlighted items, the segment incurred an operating loss of $138 million, compared with operating earnings of $843 million in the year-ago quarter. Motorola's share of the global handset market for the quarter is estimated to be 13%.

Home and Networks Mobility had segment sales of $2.4 billion, up 6% compared with the year-ago quarter. Excluding highlighted items, operating earnings were $165 million, compared with operating earnings of $231 million in the year-ago quarter.

Enterprise Mobility Solutions had segment sales of $2.0 billion, up 47% compared with the year-ago quarter. Excluding highlighted items, operating earnings were $336 million, compared with operating earnings of $280 million in the year-ago quarter.

The company's outlook for earnings per share from continuing operations in the fourth quarter is $0.12 to $0.14.  

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