Motorola announced record second quarter sales and earnings

19 Jul 2005 | Financial , Motorola | 0 comments


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Motorola has just released its sales and earnings report for the second quarter of this year. Sales went up 17% (to $8.83 billion) compared to Q2 2004 sales of $7.54 billion. Earnings per share from continuing operations up 52%, $.38 per share, compared to $.25 per share in the same quarter, last year. Motorola has gained 3.3 percentage points in global mobile device market share. Record Mobile Devices shipments of 33.9 million units, representing an estimated global market share of 18.1 percent, an increase of 3.3 percentage points versus the year-ago quarter and 1.7 percentage points versus first quarter of 2005.

Also, the company continued to strengthen its balance sheet, generating operating cash flow of $1.0 billion, its 18th consecutive quarter of positive operating cash flow, and ending the quarter with a record net cash position of $7.5 billion.

"Motorola delivered a very strong second quarter and once again exceeded guidance," said Ed Zander, chairman and CEO, "Revenues increased 17 percent, earnings per share were up 52 percent and all four of our businesses grew profitability. We announced great new products and are delighted that customers are embracing seamless mobility solutions around the globe. After six consecutive quarters of positive performance, the entire organization is focused on continuing our momentum. During the quarter, we initiated the first stock repurchase program in Motorola's history--underscoring our commitment to long-term financial performance."

Motorola expects sales to rise in the third quarter of this year to anywhere between $8.9 billion and $9.1 billion and the earnings per share from continuing operations is in the range of $.27 to $.29.

For more information, please visit Motorola's website.

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