Motorola reboots, sees Droid powering big holiday sales

Updated

Like a Phoenix risen from the ashes, Motorola (MOT), the one-time purveyor of that grey clamshell phone that everybody had back in the day, reported its second consecutive quarterly profit. It earned $12 million, or a penny per share, compared with analyst estimates of a break-even quarter. The bigger -- and better news -- came from Moto's outlook. Execs predicted fourth-quarter earnings, excluding certain costs, of 7 cents to 9 cents a share, ahead of analyst expectations of 6 cents.

Advertisement