Motorola Mobility (NYSE: MMI) Earnings Q1 2011

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*In January, Motorola, Inc., formerly traded under the now-defunct stock symbol NYSE: MOT, separated into two separate, publicly traded companies. This feature includes the earnings report of one of those companies, Motorola Mobility (NYSE: MMI). To read more about the split, check out this article from FierceMobileIT and this article at 24/7 Wall St.

View MMI Q1 Earnings Report

Highlights:

  • Net revenues of $3.0 billion, up 22 percent from first quarter 2010
  • GAAP net loss of .27 per share compared to .72 loss in first quarter 2010
  • Non-GAAP loss of .08 per share compared to .48 loss in first quarter 2010
  • Mobile Devices revenues of $2.1 billion, up 30 percent from first quarter 2010; GAAP operating loss of $89 million; non-GAAP operating loss of $61 million
  • Shipped 9.3 million mobile devices, including 4.1 million smartphones and more than 250,000 tablets
  • Home revenues of $904 million, up 8 percent from first quarter 2010; GAAP operating earnings of $53 million; non-GAAP operating earnings of $81 million
  • Positive operating cash flow of $107 million

Key statistics for MMI from Yahoo! Finance

Motorola's website

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