Motorola's latest quarterly results are up

Looks like Motorola (NYSE:MOT) had quarterly earnings per share of $0.21 for its latest quarter on record shipments of 65.7 million handsets. That's impressive for a quarter; it was the most handsets Motorola has ever shipped in a quarter, according to CEO Ed Zander.

Sales for the latest quarter stood at $11.8 billion -- a rise of 17% from the year-ago period. How about net earnings per share?That figure stood at $0.25. How about Motorola's global marketshare in the wireless handset biz? The company estimated its marketshare at 23.3%, which means it still trails Nokia Corp.(ADR)(NYSE:NOK) as the world's top cellphone manufacturer.

How did poll respondees from the Motorola preview post fare now that Motorola's actual earnings have been released as of this morning? Let's see:

How do you think Motorola's earnings will come out vs. analyst expectations?
Disappoint 46%
Meet 29%
Beat 25%

Expectations were this:

-- Sales will fall about $200 million to $300 million short of previous guidance, coming in most likely in the range of $11.6 billion to $11.8 billion.

-- Profits per share will likewise miss the internal forecast, approximating $0.13 to $0.16 per share, net. Detracting from those earnings, and most likely ignored by most analysts, will be the usual slew of non-cash "one-time items" such as stock-option expensing, charges for reorganizations and "investment-related losses," and "unusual" taxes.

Looks like the previous poll respondees that rated Motorola's latest results of "Meet" were the overall winners here. The company best EPS estimates at $0.16 by posting a $0.21 figure and the $11.8 billion in overall sales was right on the mark from Motorola's results this morning.

Also check out some other earnings reports that we're following, and let us know your thoughts on earnings expectations.