Motorola's Third Quarter Earnings = A Turnaround?
It was earnings day for Motorola, which for the past couple of quarters meant lots and lots of Bad News. But today was different.
The company not only beat analyst earnings estimates by two cents, they even managed to turn a profit - something that hasn't been done in two quarters. And then, on top of that, Motorola announced that fourth quarter earnings would also be better than expected. Whew!
Even though Motorola's market share fell to 13 percent in Q3 (vs. 23 percent during the big RAZR boom), they managed to ship out over 37 million handsets. Yet another figure that was over Wall Street's numbers. Unfotunately, the company still lags behind Samsung to take the #3 spot.
Investors cheered the earnings report by boosting the company's share price a little over 4 percent.
Looks like CEO Ed Zander gets to keep his job for yet another quarter.
Motorola Profit Dives but Outlook Better
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