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Motorola Solutions Profit Jumps On Higher Government Spending

Source: thewillnigeria.com
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Communications gear maker Motorola Solutions Inc's quarterly profit rose 89 percent, boosted by higher government spending on public safety.

Net income from continuing operations rose to $336 million, or $1.18 per share, in the fourth quarter, from $177 million, or 54 cents per share, a year earlier.

Revenue rose 6 percent to $2.44 billion.
Excluding items, the maker of two-way radios and public safety equipment earned $1.10 per share from continuing operations.

REUTERS