Freescale Semiconductor Holdings I, Ltd. announced financial results for the first quarter ended April 1, 2011. Net sales for the first quarter of 2011 were $1.19 billion, compared to $1.18 billion in the fourth quarter of 2010 and $1.02 billion in the first quarter last year.
The loss from operations for the three months ended April 1, 2011 was $3 million, compared to a profit of $17 million in the fourth quarter of 2010 and a loss of $61 million in the first quarter of 2010. The net loss for the first quarter of 2011 was $148 million, compared to a loss of $102 million in the fourth quarter of 2010 and a loss of $257 million in the same period last year.