Motorola Mobility stood its ground in the second quarter of 2011 in the ultracompetitive mobile market, reporting quarterly results slightly ahead of expectations.
The company today beat analyst expectations by reporting earnings of 9 cents per share for the quarter on revenue of $3.3 billion. Analysts had expected the company to report earnings of 6 cents a share on revenue of $3.12 billion, according to Thomson Reuters.
The company hit analyst expectations in terms of the number of smartphones it sold for the quarter. In total, Motorola shipped 11 million mobile devices, including 4.4 million smartphones. And … Read more