Motorola Mobility up after 1Q report trumps Street

Release Date 30 Apr, 2011 in BusinessWeek

 
   

Motorola Mobility up after 1Q report trumps Street

BusinessWeek - 30 Apr, 2011
Shares of Motorola Mobility Holdings Inc., the cellphone maker that split off from the rest of Motorola in January, surged on Friday, a day after reporting its first-quarter earnings. THE SPARK: After the stock market closed on Thursday, ...

Motorola Ships 250000 Xooms, Delays LTE Products

InformationWeek - Eric Zeman - 30 Apr, 2011
Motorola Mobility reported a first quarter loss of $81 million on revenue of $3.0 billion, an improvement from a year ago when it lost $212 million. By Eric Zeman InformationWeek Motorola Mobility announced its 2011 first quarter earnings on Thursday, ...

RIM shares crash, while Motorola jumps

MarketWatch - 30 Apr, 2011
By MarketWatch Two smartphone makers' shares move in opposite directions, as Research In Motion hits a six-month low and Motorola Mobility surges. See full story. Wall Street opens slightly higher, as Caterpillar's better-than-expected results lift the ...

Research In Motion Shares Drop, While Motorola Gains

Wall Street Journal - Dan Gallagher - 30 Apr, 2011
SAN FRANCISCO (Dow Jones)--Shares of two smartphone makers moved in opposite directions early Friday, with Research In Motion Ltd. (RIMM) crashing on a profit warning and Motorola Mobility Holdings Inc. (MMI) gaining in the wake of ...

Motorola Mobility narrows loss as phone sales rise

Newsday (subscription) - Rachel Metz - ‎Apr 28, 2011‎
Photo credit: AP | FILE - In this Feb. 2, 2011 file photo, a Motorola Mobility Xoom tablet is shown at Google headquarters in Mountain View, Calif. Motorola Mobility reports quarterly financial earnings Thursday ...

Motorola Mobility revenue beats

Reuters - Sinead Carew, Kenneth Li - ‎Apr 28, 2011‎
NEW YORK (Reuters) - Motorola Mobility Inc (MMI.N) posted higher than expected quarterly revenue driven by improving smartphone sales, and said it may turn a profit in the second quarter, sending its shares up 3 percent. ...

Motorola Beats Street With 250000 Xoom Shipments

PC Magazine - Damon Poeter - ‎Apr 28, 2011‎
Motorola Mobility shipped 250000 Xoom media tablets in the first quarter while improving year-over-year revenue to $3 billion but taking an $81 million loss in the three months ending April 2. Motorola Mobility, recently split off from ...

Summary Box: Motorola Mobility Narrows Loss

ABC News - ‎Apr 28, 2011‎
By AP THE RESULTS: Motorola Mobility Holdings Inc. on Thursday posted a smaller first-quarter loss and higher revenue than in the year-ago period, beating analyst expectations. MOBILE DEVICES: The company shipped 9.3 million mobile devices during the ...

Motorola Mobility ships 250000 tablets, beats estimates

CNET - Brooke Crothers - ‎Apr 28, 2011‎
Motorola Mobility beat analyst estimates, saying it shipped over 250000 tablets since the Xoom went on sale in February, as the company reported better-than-expected results today. The Libertyville, Ill., company reported a ...

Android and Xoom boost Motorola Mobility

Financial Times - Paul Taylor - ‎Apr 28, 2011‎
Motorola Mobility reported higher than expected revenues in the first quarter, driven by strong sales of Android-based smartphones and the start of sales of its Xoom tablet. At the same time, the company said it expects to at ...

Xoom Does Better Than Expected

PCWorld - Nancy Gohring - ‎Apr 28, 2011‎
Motorola Mobility shipped 250000 Xoom tablets in the first month the device was available, the company said on Thursday as part of its first-quarter earnings report. The tablet, the first to run Google's Android Honeycomb OS, ...

Motorola Mobility narrows 1Q loss

Chicago Tribune - Wailin Wong - ‎Apr 28, 2011‎
Motorola Mobility Holdings Inc. posted a net loss of $81 million for the first quarter of 2011, narrowing its year-earlier loss of $212 million amid a 22 percent increase in revenues. Libertyville-based Motorola Mobility said it shipped ...

Motorola Mobility 1Q Loss Narrows; Mobile Device Revenue Surges

Wall Street Journal - Matt Jarzemsky - ‎Apr 28, 2011‎
Motorola Mobility Holdings Inc.'s (MMI) first-quarter loss narrowed and its core results topped analysts' expectations as revenue surged at its mobile devices segment. Shares rose 2.1% to $24.50 in recent after-hours trading amid the beat. ...

Motorola Mobility Beats Estimates on Rising Demand for Atrix

BusinessWeek - Hugo Miller - ‎Apr 28, 2011‎
April 28 (Bloomberg) -- Motorola Mobility Holdings Inc., spun off in January from parent Motorola Inc., reported a narrower loss than analysts projected as it sold more Droid and Atrix phones. The loss excluding some charges was 8 cents ...

Motorola Mobility may show signs of pressure

MarketWatch - Dan Gallagher - ‎Apr 28, 2011‎
SAN FRANCISCO (MarketWatch) â€" Motorola Mobility Holdings Inc. will report first-quarter results after Thursday's closing bell that will give investors the first peek at the performance of the company's Xoom tablet. ...

Motorola Mobility Revenues Beat Analyst Estimates

ITProPortal - 30 Apr, 2011
Motorola Mobility reported revenues that beat analysts' estimates, building on the steady demand for its Android powered Smartphones and tablet devices. The company, which spun from Motorola in January, last year reported a 22 percent rise in revenue ...

Motorola-a-Mo-Mo

Motley Fool - Rich Smith - 30 Apr, 2011
Earlier this week, as Mr. Market looked with worry upon the impending earnings announcement from Motorola Mobility (NYSE: MMI ) , The Wall Street Journal opined: "Motorola Mobility Shares Drooping Ahead of Earnings. ...

Motorola Tablet Sales Hint at Android Challenge

Mobiledia - Margaret Rock - 30 Apr, 2011
Motorola took an $81 million loss in the first quarter, but shipped a better-than-expected 250000 units of the Xoom tablet, signifying the iPad may not be as dominant as previously thought. ...

Motorola Device Division Beats Forecasts

Wireless Week - Monica Alleven - 30 Apr, 2011
Motorola Mobility fared pretty well in its first full quarter as a stand-alone entity despite the iPhone 4 landing at Verizon Wireless. Motorola Mobility yesterday said it shipped a total of 9.3 million mobile ...

Nomura Securities Maintains a 'Neutral' on Motorola Mobility (MMI); Strong 1Q ...

StreetInsider.com (subscription) - 30 Apr, 2011
Nomura Securities maintains a 'Neutral' on Motorola Mobility Holdings (NYSE: MMI), PT increased from $23.70 to $24.50. Nomura analyst, Stuart Jeffrey, said, "Reported strong 1Q results, driven by a strong home division, slightly higher-than-expected ...

250000 Motorola Xoom Tabs Sold in Quarter; LTE Update Delayed Till Summer

PDF Devices - Mies Larsen - 30 Apr, 2011
Contrary to dire reports of Motorola Xoom sales, with Trip Chowdry of Global Equities going so far as to say that Motorola may have sold as few as 25000 tablets, Motorola has confirmed shipment of 250000 tabs in the ...

Motorola Ships 250000 Xoom Tablets In Q1 2011

Coolest Gadget Reviews - 30 Apr, 2011
Based upon the financial information provided through Motorola Mobility, we can confirm that Moto has shipped out 250000 Android powered Xoom tablets in Q1 2011. This number is only 25% of the 1 million tablets that the company had expected to ship out ...

NASDAQ Modestly Lower as Tech Stocks Weighs â€" (Microsoft, RIMM, MMI, SIFY)

USA Market News - Kieth Wright - 30 Apr, 2011
US Markets edged mostly higher after a wobbly start as investors looked poised on earning optimism. Tech stocks illustrated some signs of moving up Friday, but turn downs from Microsoft and Research In Motion pushed down the sector. ...

Research in Motion, Motorola Ring Smartphone ETF

ETF Trends - John Spence - 30 Apr, 2011
A smartphone exchange traded fund (ETF) was flat in midday trading Friday despite big moves in holdings Research in Motion (NasdaqGS: RIMM) and Motorola Mobility (NYSE: MMI). RIM shares were down nearly 14% after the company lowered its profit forecast ...

Analysts' Price Target Changes for April, 29th (MMI, MSFT, MSI, N, NCR, NLSN ...

American Banking News - 30 Apr, 2011
JPMorgan Chase & Co. analysts raised their price target on shares of Motorola Mobility (NYSE: MMI) from $20.00 to $21.00. They now have an “underweight” rating on the stock. Jefferies analysts cut their price target on shares of Motorola Mobility ...

Motorola Mobility cable business migrating to IP

FierceCable - Jim Barthold - 30 Apr, 2011
FierceCable is a daily email news briefing for cable service provider executives. Benefit from our time-saving update on TV Everywhere, Interactivity, Headend Consolidation, DOCSIS 3.0, and other cable industry business and technology news. ...

Discouraging Motorola Xoom Sales Could be a Drag on Stock

Trefis (subscription) - 30 Apr, 2011
According to one Global Equities' analyst, Motorola Mobility (NYSE:MMI) likely sold between 25000 and 125000 Xoom tablets since the company began offering the product on February 24th. [1] Analysts from Sanford Bernstein and Deutsche Bank have also ...

Mobile Earnings after the Bell: Motorola Mobility Holdings, Research in Motion

MarketNewsVideo.com - 30 Apr, 2011
Motorola Mobility Holdings (NYSE:MMI) posted first quarter results after the close of trading late yesterday, with a net loss of $81 million, or $0.27 per share, compared to a wider loss of $212 million, or $0.72 per share, last year. ...

Motorola Mobility improves revenue, still posts a small loss

GSMArena.com - 30 Apr, 2011
Motorola Mobility is out on its own in the world â€" Q1 of 2011 was its first quarter as an independent company. Its net revenue went up by a third year over year but Moto is still in the red. On the upside, the number of units shipped increased. ...

UPDATE: J.P. Morgan Raising Price Target On Motorola Mobility (MMI)

Benzinga - Jonathan Chen - 30 Apr, 2011
JP Morgan Chase & Co. is raising its price target on shares of Motorola Mobility (NYSE: MMI) to $21 from $20, with an Underweight rating after it reported earnings. In a note to clients, JP Morgan writes, "MMI delivered a per share ...

 

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