Motorola (MOT) this morning reported slightly better-than-expected second quarter results.
For the quarter, the company posted revenue of $5.4 billion and non-GAAP profits of 9 cents a share, edging past the Street consensus at $5.2 billion and 8 cents. The company said its Mobile Devices unit sold 8.3 million handsets overall in the quarter, including 2.7 million smart phones.That compares to Q1 sales of 8.5 million handsets, with 2.3 million smart phones, and Q4 sales of 12 million handsets, with 2 million smart phones.
The mobile business had revenue for the quarter of $1.7 billion, down 6% from a year ago, with a non-GAAP operating loss of $109 million, versus a $239 million loss a year earlier.
For Q3, the company sees non-GAAP profits of 10-12 cents a share; the Street has been forecasting 10 cents.
In early trading, MOT is off 6 cents, to $7.62.
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