Motorola Performs Better Than Expected

moto_logo1The second quarter results are in for Motorola and it looks like the Schaumburg-based company beat expectations.  To be fair, they did post a loss.  However the loss was narrower than projected.

The loss was only 1 cent per share which beat the overall average estimates of  4 cents analysts expected.  Revenue continued to fall, this time dropping 32% to $5.5 billion.

Cost cuts are starting to work their way into the financials.   Sustainable profitability will still require a successful handset refresh. – Tavis McCourt, an analyst at Morgan Keegan & Co.

After cutting 7,000 jobs over the last 10 months it seems as if the financial ship is being righted.  Hopefully, Android helps return them to profitability by year end!  The platform should bring the ‘handset refresh’ they need.

Also coming in higher than expected were handset shipments.  There was a slight increase from 14.7 million in the first quarter to 14.8 million.

About author

AndroidGuys
AndroidGuys 4639 posts

Founded on November 5, 2007, we've enjoyed bringing you the latest in Android news and rumors. Updated daily, we strive to deliver reviews, opinions, and updates on all things related to Android.

You might also like

News and Rumors

In Brief: Android-related things worth knowing today

A short and sweet collection of other things going on in the Android space.

News and Rumors

HTC confirms 16 Android handsets for Ice Cream Sandwich

HTC lists both U.S. and international models expecting to be served a dish of delicious Ice Cream Sandwich.

News and Rumors

BestBuy Mobile now offering AT&T, Verizon, and Sprint Galaxy S III for pre-order

Yesterday, all four major USA carriers officially announced the Samsung Galaxy S III – one of the most anticipated Android devices to date. They all will be launching it soon

1 Comment

Leave a Reply