Motorola Announces Record First-Quarter Sales and Earnings

First-Quarter 2005 Financial Highlights

- Sales up 10 percent: Sales of $8.16 billion, compared to first-quarter 2004 sales of $7.44 billion.

- Earnings Per Share up 47 percent: Earnings of $.28 per share, versus $.19 per share from continuing operations in the year-ago quarter.

- Gain of 1.4 percentage points in global mobile device market share: Mobile device shipments of 28.7 million units, representing an estimated market share of 17.1 percent, an increase of 1.4 percentage points versus the year-ago quarter and 1.2 percentage points versus fourth quarter of 2004.

SCHAUMBURG, Ill., April 20 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE:MOT) today reported record sales of $8.16 billion in the first quarter of 2005, an increase of 10 percent from sales of $7.44 billion in the first quarter of 2004, and reported record first-quarter earnings of $.28 per share, versus earnings from continuing operations of $.19 per share in the year-ago quarter. First-quarter 2005 earnings include pre-tax income of $234 million, or $.06 per share, from the sale of an investment. First-quarter 2004 earnings from continuing operations included pre-tax income of $143 million, or $.04 per share, from the sale of an investment and other items highlighted in that release. During the quarter, the company continued to strengthen its balance sheet, generating operating cash flow of $438 million and ending the quarter with a record net cash(1) position of $6.0 billion.


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Monty Solomon
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