Motorola Solutions beats estimates on strong government spending

Published October 24, 2012

| Reuters

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)

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