Motorola Mobility reports operating loss for Q2, ships 4.4 million smartphones up 63% year-over-year
The second quarter results were lower than expected and Motorola Mobility's stock was down 3.5% after hours. Motorola says it now expects to report profits as high as 10 cents a share for the third quarter, and 48 to 60 cents per share for the fiscal year. Motorola Mobility CEO Sanjay Jha said that Q3 will be hurt by the delay in launching the Motorola DROID Bionic, the manufacturer's first LTE phone for Verizon. As we reported, the long awaited Android handset will finally be released by Verizon in September.
source: Motorola via AP