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Motorola Solutions 4Q Profit Improves After Split

Company formed after Motorola split in two saidĀ fourth-quarter results improved, thanks to resilience in both its government and corporate business.

SCHAUMBURG, Ill (AP) -- Motorola Solutions Inc., the company formed after Motorola Inc. recently split in two, said Thursday its fourth-quarter results improved, thanks to resilience in both its government and corporate business.

The company, which makes barcode scanners, police radios and other equipment, posted pro forma operating earnings of $279 million in the latest quarter, up 12 percent from $250 million in the same period a year earlier.

The pro forma results count the former Motorola Inc.'s enterprise mobility unit that formed Motorola Solutions, and don't include the its cell phone business, which reported a fourth-quarter profit Wednesday but gave a weaker-than-expected forecast for the current period.

Motorola Solutions said its pro forma sales grew 13 percent to $2.25 billion from $1.98 million a year earlier.

The company said net income for the former Motorola Inc. rose to $293 million, or 86 cents per share, for the three months ended in December. That's up from $142 million, or 43 cents per share, in the same period a year earlier.

Adjusted earnings were 95 cents per share, better than the 92 cents that analysts polled by Factset were expecting.

Revenue rose to $5.66 billion from $4.79 billion a year earlier. Analysts had expected $4.2 billion.

Motorola Solutions says it expects first-quarter earnings of 29 cents to 34 cents per share. Analysts expected 51 cents a share.

Shares of Motorola Solutions fell 58 cents to $38.66 in pre-market trading.

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