THE RESULTS: Motorola Mobility, which makes cellphones and cable set-top boxes, reported a smaller loss in the latest quarter.
THE MAIN REASON: Phone shipments rose. The company shipped 11.6 million phones during the quarter, 4.8 million of them smartphones. That’s about a quarter more than a year earlier.
THE FUTURE: Google Inc. is expected to acquire Motorola early next year. The search leader’s $12.5 billion acquisition offer is undergoing an extensive review by the U.S. Justice Department. Motorola said Thursday that its shareholders will vote on the deal in a Nov. 17 meeting.