Motorola Solutions Reports Strong Fourth Quarter Earnings
Chicago, IL - Motorola Solutions Inc. (MSI) announced its fourth-quarter financial results on Thursday, exceeding Wall Street expectations.
* Net income: $611 million ($3.56 per share)
* Adjusted earnings: $4.04 per share
* Revenue: $3.01 billion
Analysts had projected earnings of $3.86 per share and revenue of $3 billion. MSI also reported strong full-year results:
* Profit: $1.58 billion ($9.23 per share)
* Revenue: $10.82 billion
For the current quarter ending in March, Motorola expects per-share earnings between $2.98 and $3.03, with full-year earnings ranging from $14.64 to $14.74 per share.