Motorola has just announced its financial results for Q2 2010, reporting total sales of $5.4 billion, which is slightly below what it recorded in the same period last year. Earnings came in at $162 million or $0.07 per share, compared to GAAP earnings of $26 million or $0.01 per share in Q2 2009.
Non-GAAP earnings per share were $0.09 compared to earnings of $0.03 per share in second quarter 2009. Analysts expected the company to have earned 8 cents per share on revenue of $5.19 billion.
Zooming in on its Mobile Devices unit, Motorola reported sales of $1.7 billion, down 6 percent compared with the year-ago quarter.
GAAP operating earnings for the Mobile Devices business were $87 million, which included income from a significant legal settlement of $228 million (presumably with Blackberry maker Research In Motion), compared to an operating loss of $287 million in the same period a year earlier.
Motorola Solutions, Inc. (NYSE: MSI) is a data communications and telecommunications equipment provider that succeeded Motorola Inc. following the spin-off of the mobile phones division into Motorola Mobility Holdings, Inc. in 2011. The company is headquartered in Schaumburg, Illinois, a Chicago suburb. Motorola Solutions is composed of the Enterprise Mobility Solutions division of the former Motorola, Inc. Motorola Solutions also previously had a Networks division, which it sold to Nokia Siemens Networks in a transaction that was completed on April...