Motorola Inc. (MOT) reported that its fourth-quarter net earnings attributable to the company was $142 million or $0.06 per share, compared to a loss of $3.66 billion or $1.61 per share in the same quarter last year.
Net sales for the quarter were $5.72 billion, compared to $7.14 billion in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share on revenues of $5.94 billion for the quarter. Analysts' estimates typically exclude special items.
For the first quarter of 2010, the company expects loss to be in the range of $0.01 to $0.03 per share. This outlook includes expenses related to non-cash amortization of intangibles and stock-based compensation expense of approximately $0.04 per share. Analysts expect the company to report earnings of $0.03 per share for the first-quarter.
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