Freescale reports financial growth

US manufacturer Freescale Semiconductor has announced financial results for the first quarter ended 2 April 2010, which showed net sales of $1.02bn, a trailing 12-month adjusted EBITDA of $759m, and cash and cash equivalents of $1.19bn.

Net sales showed growth compared to $951m in the fourth quarter of 2009 and $840m in the first quarter last year. 

The reported loss from operations for the three months was $61m, compared to a loss of $261m in the fourth quarter of 2009 and a loss of $351m in the first quarter of 2009.