Motorola Q3 Net Sales Up 13%

For the third quarter of 2010, the company posted net earnings of $109m, or $0.05 per diluted share, compared to $12m, or $0.01 per diluted share, for the same period in 2009.

Operating earnings for the third quarter of 2010 was $225m, compared to an operating loss of $11m for the same period in 2009. Gross margin was $1.78 billion, compared to $1.43 billion for the same period in 2009.

During the quarter, the company generated positive operating cash flow from continuing operations of $502m and ended the quarter with a total cash position of $9 billion. Net cash increased to $5.6 billion from $4.9 billion in the second quarter.

The company's outlook for the fourth quarter of 2010 is for earnings from continuing operations of 0.14 to 0.16 per share.

This outlook excludes the portion of the Networks business expected to be acquired by Nokia Siemens Networks, and stock-based compensation expense and intangible assets amortization expense of approximately 0.04 per share, as well as charges associated with items of the variety typically highlighted by the Company in its quarterly earnings releases.

Greg Brown, co-CEO of Motorola and CEO of Motorola Solutions, said: “Our enterprise mobility solutions business continues to deliver very solid financial results. In enterprise markets, we continued to experience double-digit sales growth in all four geographic regions we serve.

“Additionally, our public safety business remains resilient. Going forward, we are focused on next-generation public safety and enterprise solutions and services. I am excited about the opportunities ahead as we approach our targeted separation.”

Will the company further increase net sales in Q4?

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