Motorola Mobility Holdings Inc. Earnings Cheat Sheet

S&P 500 (NYSE:SPY) component Motorola Mobility Holdings Inc. (NYSE:MMI) reported its results for the third quarter. Motorola Mobility develops innovative technologies, products, and services, including mobile and wireline technology, digital communication, information, and entertainment experiences.

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Motorola Mobility Holdings Earnings Cheat Sheet for the Third Quarter

Results: Net income for the company was a loss of $32 million (loss of 11 cents per share).

Quoting Management: “Our third quarter revenues in Mobile Devices increased by 20 percent, driven by continued strong growth in international markets. With the recent launch of our iconic Motorola RAZR, we now have several 4G LTE devices in our portfolio. Our Home business is creating innovative solutions for our customers, taking leadership in the transition to all-IP networks, and delivering solid levels of profitability,” said Sanjay Jha, chairman and chief executive officer, Motorola Mobility. “We are also excited about the proposed merger with Google and continue to make progress to close this transaction.”

Key Stats:

The company missed expectations again last quarter after falling short of forecasts in the second quarter with a loss of 7 cents versus a mean estimate of a loss of 4 cents per share.

Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the fourth quarter is 30 cents per share, down from 38 cents ninety days ago. For the fiscal year, the average estimate has moved down from a profit of 30 cents a share to a loss of 5 cents over the last ninety days.

Competitors to Watch: Research In Motion Ltd. (NASDAQ:RIMM), Nokia Corporation (NYSE:NOK), Cisco Systems, Inc. (NASDAQ:CSCO), Motorola Solutions Inc (NYSE:MSI), Arris Group, Inc. (NASDAQ:ARRS), Harmonic Inc. (NASDAQ:HLIT), Cobra Electronics Corp. (NASDAQ:COBR), Blonder Tongue Labs, Inc. (AMEX:BDR), Google (NASDAQ:GOOG), BigBand Networks, Inc. (NASDAQ:BBND), and Apple (NASDAQ:AAPL).

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(Source: Xignite Financials)