Motorola Mobility Posts Earnings; Nokia's Marketshare Slips Friday, October 28, 11:55 AM ET
Motorola Mobility Holdings (
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.
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Motorola Mobility Posts Earnings; Nokia's Marketshare Slips
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