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. Last Updated: 07/27/2016

Motorola Revamp Pays

CHICAGO -- Motorola Inc. benefited from a rebound in computer chip sales and its continuing rollout of new digital cellular phones in sharply boosting its second-quarter profits.

The Schaumburg, Illinois-based communications and equipment maker on Tuesday reported earnings that beat Wall Street expectations as its retooling of its businesses began to pay off.

For the three-month period ending July 3, the company reported a profit from operations of $273 million, or 44 cents a share, compared with $6 million, or 1 cent a share, in the same period a year ago.