Motorola Solutions Q4 earnings surge

Motorola Solutions Inc. announced Wednesday that its fourth-quarter earnings jumped 83 percent, supported by stronger sales to government customers.

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.

IANS

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close