Motorola Solutions Q4 earnings surge
Chicago: Motorola Solutions Inc. announced Wednesday that its fourth-quarter earnings jumped 83 percent, supported by stronger sales to government customers.
The Schaumburg-based company earned USD 336 million or USD 1.18 per share, compared with USD 184 million or 56 cents per share a year earlier. Excluding one-time gains and losses, the company reported adjusted earnings of USD 1.10 per share for the quarter, up 26 percent from 87 cents a share a year ago, reported Xinhua.
Sales of the company rose 6 percent to USD 2.44 billion in the quarter, thanks to its sales to government customers, which rose 10 percent.
Just a day ago, Motorola Mobility posted its fourth-quarter phone revenue at USD 1.51 billion, down from USD 2.5 billion a year earlier and USD 1.78 billion in the third quarter.