Motorola Solutions Posts 4Q Profit; Revenue Up 13%
27 Gennaio 2011 - 1:50PM
Dow Jones News
Motorola Solutions Inc. (MSI) posted a fourth-quarter profit in
the business mobile and networks company's first period reporting
results.
The provider of public safety radios, handheld scanners and
telecommunications network gear was born earlier this month in the
split of Motorola Inc., which broke it off from the legacy
company's higher-profile smartphone and set-top box operation. It
reported fourth-quarter results on a pro-forma basis.
Motorola Solutions reported a profit of $194 million, or 57
cents a share. It didn't provide year-earlier net income figures in
a press release.
Revenue jumped 13% to $2.25 billion.
Shares closed Wednesday at $39.24 and were inactive in recent
premarket trading.
-By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;
matthew.jarzemsky@dowjones.com
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