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Profit for Motorola in third quarter

It has been said that as Motorola have mustered a small profit ion Q3 that the interim chief financial officer will now be filling that post permanently.

The Schaumburg based maker of mobile phones and other communication equipment have reported some net income of $12 million, or 1 cent a share in the third quarter. This is very much an improvement from the net loss of $397 million or 18 cents a share a year ago.

The news itself has sent shares up more than 9 % in morning trading to $8.76 on the new York Stock Exchange. Source – Chicagotribune.com