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Motorola Solutions 1st-Quarter Net Up 22%, Gives Weak 2nd-Quarter View

Motorola Solutions Inc.'s (MSI) first-quarter profit rose 22% as the company benefited from lower income tax expenses, although revenue grew less than expected and the company offered a weak view for the current quarter.The Schaumburg, Ill., provider of public-safety radios, handheld scanners and telecommunications-network gear, had previously said it expects that 2013 to continue to show strength from its government customers, while bringing in modest growth on the business, or enterprise, side. Chief Executive Greg Brown has projected that overall information-technology spending by businesses will gain steam in the next several months and will benefit from Europe's economy stabilizing.But on Wednesday the company projected adjusted earnings of 66 cents to 71 cents a share for the current quarter, with sales flat to down 2%. Analysts polled by Thomson Reuters recently expected per-share earnings of 86 cents on sales growth of 5%.Overall, Motorola Solutions posted a profit of $192 mill...

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