Motorola earnings beat expectations
August 2, 2010
Motorola turned in a solid second quarter, with both revenue and earnings outpacing analysts’ expectations.
The company also said it foresees good results for the current quarter, in part on the expected strength of sales of its new Droid X smartphone, which went on sale in July and quickly sold out at many stores.
Motorola said during the second quarter it shipped 8.3 million handsets, including 2.7 million smartphones. Sales for its Mobile Devices unit were $1.7 billion, a drop of 6 percent year over year.
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