Motorola

(MOT)

was down 5.2% in preopen

Instinet

trading. The mobile phone giant said after close Tuesday that third-quarter earnings were 26 cents a share, in line with the

First Call/Thomson Financial

consensus and ahead of the year-ago 16 cents.

But some analysts expressed concern about lower mobile-phone revenue. Motorola's results sent shares of

Nokia

(NOK) - Get Report

lower in Europe.

Ericsson

(ERICY)

was also slower, slipping 1.8% in preopen

Island

trading.