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NEW YORK—Motorola said it will meet or beat its guidance for the second quarter of a loss of 4 cents per share.
Motorola President and Chief Operating Officer Edward Breen made the announcement at a Bear Stearns conference one day after Nokia said it would miss sales expectations for the quarter but meet earnings-per-share estimates of 17 to 19 cents.
Breen also said Motorola was on track to return to profitability in the third quarter and show a profit of at least 4 cents per share for the full year.
Shares of Motorola were up 4.7 percent, trading at $15.13, following the comments.
