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Motorola Broadband profits on solid sales

Tue, 01/18/2005 - 7:00pm
Jeff Baumgartner

Motorola Broadband (now part of Motorola's Connected Home unit) posted Q4 sales of $691 million, up 25 percent from a year ago.

The division also recorded a profit of $47 million, compared to a loss of $52 million in the year-ago quarter. Motorola attributed the earnings improvement due to higher sales as well as a goodwill impairment charge of $73 million.

For the full year, the division had earnings of $125 million, up from a loss of $38 million.

Overall, Motorola posted record sales of $8.84 billion, up 1.9 billion, or 27 percent, from the year-ago period. Motorola also had a profit of 28 cents per share, up from 18 cents per share.

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