Motorola Mobility story updated from 4:07 p.m.NEW YORK ( TheStreet) -- Motorola Mobility ( MMI), the Libertyville, Ill. handset maker gearing up for a busy few weeks of Android debuts, reported solid second-quarter earnings Thursday, but its full-year and third-quarter guidance -- both well below what analysts were expecting -- was dragging down its share price in extended trading by more than 7%.
- Motorola reported adjusted earnings of 9 cents a share on sales of $3.3 billion -- up 28% from the year-ago quarter -- for its second quarter.
- Analysts expected earnings per share of 6 cents on sales of $3.12 billion.
- Last quarter, following its split from sister company Motorola Solutions (MSI), the smartphone and tablet maker reported a narrower-than-expected loss of 8 cents a share on sales of $3.03 billion.
- Motorola closed trading Thursday down 89 cents at $22.91
|Motorola Mobility CEO Sanjay Jha|