months ended June 30. That includes charges of 2 cents per share. Analysts polled by Thomson Financial had been expecting a loss of 3 cents per share. In the same quarter a year ago, Motorola lost $28 million, or 2 cents per share. Its sales fell 7.4 percent to $8.1 billion versus $8.7 billion a year ago. Analysts had been expecting sales of $7.69 billion. Motorola shares were up 83 cents, or 11 percent, at $8.50 in pre-market trading.
The company shipped 28.1 million cell phones, up from 27 million in the first quarter, and said it maintained its share of the global handset market.According to research firm IDC, Motorola’s market share actually slipped slightly from 9.4 percent of the global market in the first quarter to 9.2 percent in the second, but the company narrowly maintained its third-place ranking, just above South Korea’s LG Electronics Inc.. with 9.1 percent. Nokia Corp. is the largest maker of cell phones, followed by Samsung Electronics Co.
Tags: 1 billion, 1 million, cell phones, co, electronics, first quarter, global market, handset market, lg electronics inc, market share, months ended june, motorola, pre market, s market, samsung, share analysts, south korea, thomson financial, three nokia corp
Leave your response!