Motorola Mobility loss narrows, revenue misses


Wall Street

The company, which agreed to be bought by Google Inc <GOOG.O>, reported a net loss of $32 million, or 11 cents per basic share, compared with a loss of $34 million, or 12 cents per basic share, in the year-ago quarter before Motorola Mobility became an independent company.

Revenue rose to $3.26 billion from $2.95 billion and compared with Wall Street expectations for $3.37 billion, according to Thomson Reuters I/B/E/S.

Motorola said it sold 4.8 million smartphones in the quarter compared with expectations for 4.95 million from four analysts contacted by Reuters.

(Reporting by Sinead Carew; editing by Andre Grenon)