By Micah Maidenberg

Motorola Solutions Inc. (MSI) expects adjusted profit to increase this year.

The Chicago communications technology company said adjusted earnings in 2019 would likely be $7.55 a share to $7.70 a share, up from $7.15 a share in 2018.

Sales growth for the year is likely to be 6% to 7%, down from last year's 15% growth rate, Motorola said. Chief Executive Greg Brown told The Wall Street Journal that acquisitions the company completed last year drove up revenue, which is now expected to normalize.

Organic revenue growth that adjusts for currency effects "remains solid both last year and this year," Mr. Brown said.

Motorola expects revenue to rise 11% in the first quarter compared with the year-earlier quarter and adjusted earnings of $1.11 a share to $1.16 a share for the period.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

February 07, 2019 16:52 ET (21:52 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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