Motorola profits top estimates thanks to Android

July 30, 2010
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Motorola has posted up its profits for the latest quarter and it should be sending gift baskets over to Google HQ. Motorola posted profits that beat Wall Street estimates thanks in large part to its line of popular Android phones.

Motorola posted profits per share, excluding some costs, of 9 cents. That 9 cents per share of profit beat expectations by a penny.

Despite beating estimates, Motorola still saw revenue fall for the quarter with a 1.5% decline compared to last year. Net income did increase though to $162 million from $26 million from last year during the same quarter.


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