Weak phone sales hurt Motorola earnings

Losses for the maker of the Razr are greater than a year ago, while sales are down amid efforts to reorganize its mobile-phone business before breaking into two companies.

Motorola on Thursday reported a first-quarter loss of $194 million, or 9 cents per share, up from a year-ago a loss of $181 million, or 8 cents a share, in the year-ago quarter.

The report comes as the company is struggling to reorganize its mobile-phone business before it separates into two companies .

Net sales for the quarter were $7.45 billion, down from $9.43 billion a year ago.

Sales at the Mobile Devices division were $3.3 billion, down 39 percent compared to a year ago. That division reported an operating loss of $418 million, up from $233 million in the year-ago quarter. During the quarter, the company shipped 27.4 million handsets.

 

Join the discussion

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET

HOT ON CNET

Delete your photos by mistake?

Whether you've deleted everything on your memory card or there's been a data corruption, here's a way to recover those photos.