Motorola manages $162 million Q2 profit, turns that frown upside down

It's a good day here, because rather than poor 'ol Sad Moto we get to bust out Happy Moto, as Motorola has released some good news in its Q2 financial report. Earnings were $162 million, up from $26 million this time last year. That sounds like a big jump, but compared to overall sales of $5.4 billion you can see things are still rather tight -- especially since those sales were down from $5.5 billion the year before and all-important mobile device sales figures dropped six percent to $1.7 billion. Also, these numbers were boosted by a "significant legal settlement" valued at $228 million. Maybe intellectual property wasn't the only thing Moto got from RIM?Motorola manages $162 million Q2 profit, turns that frown upside down originally appeared on Engadget on Thu, 29 Jul 2010 07:51:00 EDT. Please see our terms for use of feeds.Permalink   |  Motorola  | Email this | CommentsVARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES UNITED ONLINE UNISYS