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.
Friday Sector Laggards: Water Utilities, Computer Peripherals
Related symbols: YORW, SJW, DGII, IMMR
Friday Sector Leaders: Precious Metals, Shipping Stocks
Related symbols: TGD, PLG, GSL, NM
Thursday Sector Laggards: Shipping, Oil & Gas Exploration & Production Stocks
Related symbols: CMRE, DAC, ZN, EPE
Friday's ETF with Unusual Volume: FRI
Related symbols: FRI, VER, DDR, UMH, CXW
Friday's ETF Movers: GDXJ, KRE
Related symbols: PPP, BTG, TCBI, BANC, KRE, GDXJ
SDS, IGN: Big ETF Outflows
Related symbols: SDS, IGN, HRS, CSCO
Daily Dividend Report: AFG, WSO, LTC, ALG, OZRK
Related symbols: AFG, WSO, LTC, ALG, OZRK
Daily Dividend Report: DRI, ERS, DIS, FUL
Related symbols: DRI, ERS, DIS, FUL
Daily Dividend Report: GIS, WOR, MKC, NYT, WERN
Related symbols: GIS, WOR, MKC, NYT, WERN
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Motorola Mobility Posts Earnings; Nokia's Marketshare Slips
| Market News Video | Copyright © 2008 - 2016, 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.