Moto is sucking it dry, but Google stays X-cited for coming phone

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Earnings period is in full swing, with Nokia posting not-so-awful outcomes earlier today.

Google took the mic with investors later on, and while we will get to its second quarter 2013 numbers in a minute, there’s one gadget the gathered Mountain View staff mentioned even more than when.

“I understand you are eagerly anticipating exactly what Motorola is introducing soon, and having been a tester for awhile, I am extremely thrilled, ” CEO Larry Page stated as he opened the company’s revenues call.

He’s referring naturally to the Moto X phone, a device we’ve actually heard much about yet are still waiting to see (out of Eric Schmidt’s hand, that is). The delay is likely over quickly as Motorola itself tweeted a photo today showing manufacturing is underway at the Texas factory where the mobile phone is being constructed.

Mo-mo-movin’ on

This is the 2nd profits employ a row where Page acclaimed what hardware Motorola has on tap. The last time around, he went over better battery life and anti-splat durability in wishful terms.

He was light on specifics today, perhaps a sign that there’s actually more to share on the device, information that’s being kept close to the chest.

CFO Patrick Pichette took a more comprehensive view of Motorola as he ran with figures, saying Google is “very excited” about the subsidiary’s “upcoming product line.” Motorola CEO Dennis Woodside dished in Could that a “handful” of devices are due by October.

Things were less rosy on the earnings side, nevertheless, with Motorola hitting $998 million (about ₤ 655m, AU$ 10.8 m) in income. It’s a nice number, however the company took a huge loss of $342 million (about ₤ 224m, AU$ 373m). The exact same quarter last year, Moto losses sat at $199 million (about ₤ 130m, AU$ 217m).

Google published $14.11 billion (about ₤ 9.27 b, AU$ 15.3 b) in Q2 combined profits, up 19 percent year-on-year.

However, net income was $3.23 billion (about ₤ 2.12 b, AU$ 3.52 b), down from $3.35 billion (about ₤ 2.2 b, AU$ 3.65 b) last quarter. Net income was $11.1 billion (about ₤ 7.2 b, AU$ 12.1 b), missing expectations of $11.4 billion (about ₤ 7.49 b, AU$ 12.4 b).

Not a huge miss, but an unusual one.