Motorola (NYSE: MOT) reported second quarter earnings today that managed to beat expectations. The troubled handset maker posted a Q2 profit of $4 million, on $0.00 per share, compared with a loss of $28 million, or 1 cent a share, in the same period a year ago. Sales, meanwhile, were down to $8.1 billion from $8.7 billion year on year. It could have been worse; according to a Bloomberg poll of analysts, Motorola was expected to post profits of $7.7 billion. Handset sales were also a surprise. While sales were down 22 percent compared to a year-ago quarter at $3.3 billion, Motorola managed to ship better than expected numbers, shifting 28.1 million units in the quarter, while analysts had expected the figure to dip as low as 26.1 million units (which leaves Moto still scraping into third place, a few hundred thousand above LG). The unit also reported an operating loss of $346 million, compared to an operating loss of $332 million in the year-ago quarter. The good news is that Motorola retains its number three spot in global market share, the bad news, is that LG (SEO: 066570) isn
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post