Motorola Mobility revenue beats Street forecast

Reuters News
Posted: Jul 28, 2011 4:28 PM
Motorola Mobility revenue beats Street forecast

NEW YORK (Reuters) - Motorola Mobility <MMI.N> reported higher-than-expected second-quarter revenue on strong sales of mobile devices.

Motorola said on Thursday that it shipped 4.4 million smartphones in the quarter, in line with the expectations from six analysts contacted by Reuters.

It's also sold 440,000 tablet computers, ahead of analyst expectations for about 366,000.

The company reported a loss of $56 million, or 19 cents per share, compared with a profit of $80 million, or 27 cents per share, a year earlier. Revenue rose to $3.3 billion, beating the average analyst estimate of $3.12 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Sinead Carew. Editing by Robert MacMillan)