Motorola's $353M Q4 loss weighs on Google results
The mobile device maker continues to struggle with its turnaround.
The Motorola Razr HD.
(Credit: CNET)Google's Motorola unit continues to struggle, posting a loss of $353 million in the fourth quarter and besmirching the Internet giant's other profitable results.
Excluding one-time items, the unit posted a loss of $152 million.
A year ago, when Motorola was still an independent company, it posted a net loss of $80 million and an adjusted profit of $61 million.
Its revenue, meanwhile, came in at $1.51 billion down from $3.4 billion a year ago.
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Google is in the midst of turning the business around under former-Google executive Dennis Woodside. Woodside has cut staff and different businesses as it seeks to streamline the operation to focus on a few smartphones.
But Motorola continues to be one of many handset manufacturers that are struggling to turn a profit on smartphones. Apple and Samsung Electronics are the only companies in the sector that can claim to be successful, with every other player scrambling for the rest of the scraps.
Even the debut of several new phones, from the Droid Razr HD to the Droid Razr M, for Verizon Wireless in the U.S. and other carriers overseas haven't had much of a positive impact.
Google in December agreed to sell the home set-top box portion of Motorola to Arris Group for $2.35 billion in cash and stock.
