Motorola sales boost exceeds forecasts

MOTOROLA, the world’s second-biggest maker of mobile telephones, had a third-quarter net income of $116m as sales rose 5% to $6.83bn, exceeding the company’s forecasts.

Net income was 6 cents a share, compared with $111m, or 5 cents, in the year-earlier quarter, the Schaumburg, Illinois-based company said in a statement. Sales rose from $6.53bn.

Shares in the company increased by 2.5% to $14.14 after the announcement. Other US stocks also climbed after Motorola exceeded expectations amid optimism that other companies would lift profit forecasts when they reported earnings this week.