This morning, Motorola announced their Q2 2010 earnings, and the information looks so-so to be honest. The company as a whole saw sales of $5.4 billion during the quarter, earnings of $162 million, and earnings per share of $0.07 (up from $0.01 in the previous year). The mobile division sold 2.7 million handset, generating $1.7 billion in revenue, with an operating loss of $109 million (a $239 million loss was posted last Q2). The company as a whole still has $8.3 billion in net cash, and the mobile division looks poised to improve their Q2 metrics with the recent release of the DROID X and other high-end smartphone devices due out later this year. The results are certainly better than previous quarters, but the earnings of $162 million on $5.4 billion (which actually beat analyst expectations) are still a slight cause for concern.