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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Motorola rebounds, posts profit AFP - Friday, July 31 WASHINGTON (AFP) - - Motorola, the largest US mobile phone maker, rebounded from three straight quarters of losses and posted a small quarterly net profit on Thursday. ADVERTISEMENT The Schaumburg, Illinois-based company reported a net profit of 26 million dollars in the second quarter of the year compared with a net profit of four million dollars a year ago. Motorola posted a net loss of 231 million dollars in the first quarter. Earnings per share of one cent in the second quarter were better than expected by analysts who had forecast a loss of four cents per share. Revenue during the quarter which ended on July 4 fell 32 percent to 5.49 billion dollars. Motorola's mobile phone division cut its operating loss in half compared with the first quarter. It rang up a second-quarter operating loss of 253 million dollars on revenue which fell 45 percent to 1.8 billion dollars. "In Mobile Devices, we improved the operating loss, reflecting a lower cost structure, and substantially reduced cash consumption as compared to the first quarter," Motorola co-chief executive Sanjay Jha said in a statement. "We have agreements in place with carriers and remain on track to bring our new smartphone devices to market for the holiday selling season," said Jha, who is also CEO of the Mobile Devices division. Motorola said it shipped 14.8 million handsets in the quarter, a slight increase from 14.7 million the first quarter, giving it an estimated global handset market share of 5.5 percent Motorola said it expects to again post earnings per share of one cent in the current quarter. Motorola enjoyed success with its popular Razr phone launched in 2005 but has been losing ground since to Apple and Research in Motion as well as other major cell phone makers such as Nokia, Samsung and Sony Ericsson. Motorola enjoyed a 17.5 percent share of the handset market two years ago. Motorola has said it hopes to have devices based on Google's open-source Android operating systems in stores by the fourth quarter of the year. Motorola shares gained 9.68 percent to 7.48 dollars in early trading on Wall Street. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Personal Technology Motorola rebounds, posts profitAFP - Friday, July 31 Gretchen Wilson, Sony Music Nashville part waysAP - Wednesday, July 29 SKorean firms to jointly develop new chipsAFP - Monday, July 27 Sony to invest over $1 billion in Sharp LCD unit: reportReuters - Friday, July 24 Related Articles: Technology Microsoft CEO 'surprised' by market reaction to Yahoo! dealAFP - Friday, July 31 Pirate Bay website banned in NetherlandsAFP - Friday, July 31 Computer giant Dell fined in Taiwan over consumer disputeAFP - Friday, July 31 Fast new Internet link slow in reaching African usersAFP - Friday, July 31 Motorola rebounds, posts profitAFP - Friday, July 31 Enlarge Photo Motorola, the largest US mobile phone maker, rebounded from three straight quarters of losses and posted a small quarterly net profit on Thursday. Related Photos Slideshow Full Photo Coverage: Personal Technology Related Full Coverage Personal Technology Mobile phones & personal gadgets All Full Coverage Most Popular – Technology Viewed Sunbeds elevated to top cancer risk level: WHO Doctor gave Jackson drug that killed him: CNN Jackson autopsy released next week: coroner Police raid Vegas home of Jackson doctor Lost love letter reunites couple after 16 years View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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