Motorola Tops Profit, Sales Estimates on Droid Demand
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Motorola Inc., the U.S. mobile-phone maker, reported second-quarter earnings that beat analysts’ estimates, helped by demand for its new line of smartphones.
Profit, excluding some costs, was 9 cents a share, the company said today in a statement. Analysts had projected 8 cents, according to the average of estimates compiled by Bloomberg. Revenue for the quarter was $5.41 billion, compared with the $5.2 billion estimate.