July 28, 2011 09:33 pm EDT

Motorola Mobility reports $56 million net loss in Q2, $3.3 billion in revenue

Back in the last quarter of 2010, Motorola Mobility predicted a rocky road for future business, and its Q2 earnings seem to be right on track. The company reported total net revenues of $3.3 billion in the second quarter, up 28 percent year-over-year, but saw a net loss of $56 million, compared to earnings of $80 million in the second quarter of 2010. Mobile Devices saw an operating loss of $85 million, compared to the previous year's earnings of $87 million. Moto's not all doom and gloom however, as it predicts profitability in mobile devices by Q4. In terms of sales, the company reportedly shipped 11 million mobile devices, including 4.4 million smartphones and 440,000 Xoom tablets. Here's hoping Motorola's powers of prediction remain strong.Full PR after the break.

Continue reading Motorola Mobility reports $56 million net loss in Q2, $3.3 billion in revenue

Motorola Mobility reports $56 million net loss in Q2, $3.3 billion in revenue originally appeared on Engadget on Thu, 28 Jul 2011 17:33:00 EDT. Please see our terms for use of feeds.

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