Cost-Cutting Helps Motorola's Profit
Source: Agencies |
January 29, 2010, Friday
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Print Edition
Print Edition
MOTOROLA Inc used cost-cutting rather than brisk sales to deliver a fourth-quarter profit yesterday, but a gloomy profit forecast sent its shares sliding.
Motorola showed strong sales of new phones, shipping 2 million units. But overall cell phone sales were lower than expected at 12 million units. And total revenue came to US$5.7 billion.
Motorola earned US$142 million, reversing a loss of US$3.66 billion in the same period a year earlier, due to a huge accounting charge.
Motorola showed strong sales of new phones, shipping 2 million units. But overall cell phone sales were lower than expected at 12 million units. And total revenue came to US$5.7 billion.
Motorola earned US$142 million, reversing a loss of US$3.66 billion in the same period a year earlier, due to a huge accounting charge.
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