Ships 11.3 million handsets during the quarter
Motorola Mobility has reported net revenues of $3.4bn for the fourth quarter of 2010, an increase of 21.4% compared to $2.8bn for the same period last year.
The company reported an operating income of $126m, compared to an operating loss of $196m for the same period last year.
Gross margin for the quarter was $915m, compared to $706m for the same period a year ago.
Mobile devices segment net revenues in the fourth quarter were $2.4bn, up 33% compared with the year-ago quarter.
The total handsets shipped (including smartphones) were 11.3 million and 37.3 million in the quarter and full year 2010, respectively.
For the quarter ended 31 December 2010, the company has posted net earnings attributable to the company $80m or EPS of $0.27, compared to net loss of $204m or EPS of $0.69 for the same period last year.
For the full-year 2010, the company reported revenues of $11.5bn compared to $11.1bn in the previous year.
Operating earnings for the fiscal 2010 was $76m compared to loss of $1.2bn for 2009. Net loss was $86m compared to a loss of $1.3bn for 2009.
Motorola Mobility chairman and CEO Sanjay Jha said the improvement in their financial results last year, including profitability in the fourth quarter, is indicative of the progress they have made in delivering smartphones and improving the Mobile Devices business.
"Our Home business performed well and remains a premier provider of digital set-tops and end-to-end video offerings," Jha said.