Motorola report sends shares north
By Sinead Carew |
July 30, 2010, Friday
|
Print Edition
Print Edition
MOTOROLA Inc posted quarterly earnings and revenue that beat Wall Street expectations, sending its shares up 2 percent.
The company, which plans to split itself in two early next year, posted a profit of US$162 million, or 7 US cents per share, compared with a profit of US$26 million, or 1 US cent per share, in the same quarter the year before.
Excluding items, it earned 9 US cents per share compared with Wall Street expectations for 8 cents.
Net sales fell to US$5.414 billion from US$5.497 billion in the same quarter the year before but was ahead of the average analyst expectation for revenue of US$5.19 billion, Thomson Reuters said.
The company, which plans to split itself in two early next year, posted a profit of US$162 million, or 7 US cents per share, compared with a profit of US$26 million, or 1 US cent per share, in the same quarter the year before.
Excluding items, it earned 9 US cents per share compared with Wall Street expectations for 8 cents.
Net sales fell to US$5.414 billion from US$5.497 billion in the same quarter the year before but was ahead of the average analyst expectation for revenue of US$5.19 billion, Thomson Reuters said.
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