Motorola reported record quarterly sales of $9.42 billion, up 26% ompared to third- quarter 2004 sales of $7.50 billion. Earnings from continuing operations were $.69 per share, including earnings of $.39 per share from special items.
Motorola shipped a record 38.7 million mobile devices during the quarter. The company claims an estimated global market share of approximately 19%, an increase of approximately 5.5 percentage points versus the year-ago quarter and approximately 1 percentage point versus the second quarter of 2005. Sales of Motorola’s RAZR clamshell mobile handset reached 6.5 million units during the quarter. More than 12 million units have been sold to date.
Some additional highlights:
- Networks Segment sales were $1.6 billion, up 7 percent compared with the year-ago quarter. The segment continued to deliver a comprehensive value proposition in access, core, platforms and services for wireless and wireline carriers. Operating earnings increased to $268 million, compared with $159 million in the year-ago quarter.
- Government and Enterprise Mobility Solutions Segment sales were $1.6 billion, up 4 percent compared with the year-ago quarter. Automotive market sales were lower, while sales to the other markets served by the segment increased by 7 percent. Operating earnings decreased to $180 million, compared with $197 million in the year-ago quarter.
- Connected Home Solutions Segment sales were $710 million, up 28 percent compared with the year-ago quarter. Operating earnings were $59 million, compared with $40 million in the year-ago quarter. During the quarter, Motorola extended its global footprint in digital video and voice and expanded its reach to the consumer through retail distribution channels.
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