Motorola Mobility misses Q4 estimates on shipments of 10.5 million phones

Motorola Mobility on Friday revealed preliminary results for the fourth calendar quarter of 2011. When the vendor reports its full results on January 26th, it will miss analysts’ sales forecast with revenue of approximately $3.4 billion and what Motorola referred to as “modest�profitability” in a statement on Friday evening. Motorola shipped 10.5 million mobile phones during the fourth quarter, 5.3 million of which were smartphones. The company’s full press release follows below. Motorola Mobility Provides Business Update LIBERTYVILLE, Ill., Jan. 6, 2012 – Motorola Mobility Holdings, Inc. (NYSE: MMI) (“Motorola Mobility”) today announced preliminary results for the fourth-quarter 2011. Although the Company has not finalized its financial results for the fourth-quarter, it estimates sales of $3.4 billion with modest profitability

Source: http://www.bgr.com/2012/01/06/motorola-mobility-misses-q4-estimates-on-shipments-of-10-5-million-phones/

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