Published October 24, 2012
Communications gear maker Motorola Solutions Inc reported better-than-expected quarterly results on strong government spending.
Net income rose to $206 million, or 72 cents per share, in the third quarter, from $128 million, or 38 cents per share, a year earlier. Revenue rose 3 percent to $2.20 billion.
Excluding items, the company earned 84 cents per share from continuing operations. Analysts on average had expected earnings of 73 cents per share on revenue of $2.15 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila)