Motorola Mobility Posts Earnings; Nokia's Marketshare Slips Friday, October 28, 11:55 AM ET
Motorola Mobility Holdings (NYSE:
MMI) posted a slightly narrower net loss for the third quarter after the close of trading yesterday.
Its loss totaled $32 million, or $0.11 per share, compared to a loss of $34 million, or $0.12 per share, in last year's third quarter.
Adjusted earnings of $0.12 per share beat analyst estimates.
Revenue missed estimates, rising to $3.26 billion from $2.95 billion last year.
Motorola Mobility Holdings, which split from Motorola Solutions (NYSE:
MSI) earlier in the year, is in the process of being acquired by Google (NASDAQ: GOOG).
Today, Strategy Analytics reported that global mobile phone handset shipments grew by 14% in the third quarter.
China's ZTE surpassed Apple (NASDAQ:
AAPL) to take its place as the world's fourth-largest handset vendor, while Samsung's marketshare reached record levels.
The firm said ZTE's growth has been helped by competitive pricing and its Google Android-based smartphones.
NOK) handset shipments fell 3% on an annualized basis in the quarter.
Strategy Analytics said in overall handset marketshare, Nokia still has top billing, with 27.3%, while Samsung is in second place, with 22.6%, followed by LG, ZTE, and Apple.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
Analyst Moves: CBI, LUV, LYB, XLNX
Related symbols: CBI, LUV, LYB, XLNX, UBS, BAC
Analyst Moves: AAPL, JCI, AGN
Related symbols: AAPL, JCI, AGN, UBS, CS
Analyst Moves: COST, RL, ORCL
Related symbols: COST, RL, ORCL, UBS, C
Thursday Sector Leaders: Real Estate, Water Utilities
Related symbols: NLP, HGSH, CTWS, CWCO
Thursday Sector Laggards: Precious Metals, Beverages & Wineries
Related symbols: IAG, TGD, BREW, BEAM
Wednesday Sector Leaders: Waste Management, Sporting Goods & Activities
Related symbols: SWSH, TRR, MGAM, SIX
Thursday's ETF with Unusual Volume: PWV
Related symbols: PWV, CSCO, ORCL, AIG, ADM
Thursday's ETF Movers: XBI, GDXJ
Related symbols: SRPT, ITMN, AUN.CA, KGI.CA, GDXJ, XBI
EWC, SKK: Big ETF Outflows
Related symbols: EWC, SKK
Daily Dividend Report: CMO, BCR, WWW, SEAS, MFA
Related symbols: CMO, BCR, WWW, SEAS, MFA
Daily Dividend Report: DOW, MO, CAT, EOG, XEL
Related symbols: DOW, MO, CAT, EOG, XEL
Daily Dividend Report: MA, NYMT, GLF, BGC, FBHS
Related symbols: MA, NYMT, GLF, BGC, FBHS
Weekly Market Wrap: December 6, 2013
Related symbols: YUM, JCP, KR, SHLD
Weekly Market Wrap: November 22, 2013
Related symbols: TGT, SHLD, FL, ANF
Weekly Market Wrap: November 15, 2013
Related symbols: MCD, WMT, KSS, M
Week Ahead Market Report: December 9, 2013
Related symbols: AZO, HRB, COST, MW, ADBE, VALU
Week Ahead Market Report: December 2, 2013
Related symbols: BMO, ARO, GES, ALCO, DMND, AEO
Week Ahead Market Report: November 25, 2013
Related symbols: ADI, EV, HRL, GLNG, RENN
All videos » |
Stock market definitions »
Motorola Mobility Posts Earnings; Nokia's Marketshare Slips
| Market News Video | Copyright © 2008 - 2013, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.