Motorola performance impressive as it beats market estimates

Motorola performance impressive as it beats market estimates

US based tech giants Motorola has come out with their second-quarter earnings and they have managed to better market expectations as the demand for their mobile products continues to rise.

Motorola have a smash hit in the form of their Razr range of mobile phones and the continuing sales continue to help company post impressive results.

Motorola has also forecasted higher than expected revenue for the third quarter. This helped them gain in the stock market as the share prices improved by as much as 8%.

The company said that their net income rose to $1.38 billion, or 55 cents a share, from $933 million, or 37 cents a share last year during the same period.

Ron Garriques, head of Motorola’s cellphone division spoke about this improved performance: “What you saw this quarter is all parts of the product portfolio did very well in the marketplace.”