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Motorola Solutions profit beats estimates on lower expenses
[SAN FRANCISCO] Motorola Solutions Inc, a maker of walkie-talkies and radio systems, reported a better-than-expected quarterly profit, helped by lower operating expenses.
Net income attributable to Motorola Solutions fell to US$201 million, or 87 cents per share, in the fourth quarter ended Dec 31, from US$343 million, or US$1.31 per share, a year earlier.
Excluding items, the company earned US$1.25 per share. Analysts on average had estimated earnings of US$1.12 per share.
Revenue was little changed at US$1.82 billion, but beat analysts' average estimate of US$1.78 billion.