Motorola Mobility Sees Q4 Sales of $3.4 billion

Motorola Mobility updated its financial guidance for Q4 2011, saying it now estimates sales of $3.4 billion with modest profitability on a non-GAAP basis. These estimates include shipments of approximately 10.5 million mobile devices, of which approximately 5.3 million were smartphones. The company said its Q4 results were impacted by the increased competitive environment in the Mobile Device business and higher legal costs associated with ongoing Intellectual Property (IP) litigations. The company estimates sales of $900 million for the Home business in the fourth-quarter. Full results are expected on January 26, 2012.
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