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Wednesday, April 7, 2010 as of 11:14 AM ET

Greg Brown

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Greg Brown

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Motorola Solutions 4Q Net Falls 37%, Sales Jump

Motorola Solutions Inc.

's (MSI) fourth-quarter earnings fell 37% as charges and the sale of its networks business earlier in the year masked the company's stronger-than-expected revenue growth.The provider of public safety radios, handheld scanners and telecommunications network gear was created last year in the split of Motorola Inc., which spun off the higher-profile mobile-devices and TV-set-top-box operations into Motorola Mobility Holdings Inc. (MMI).Motorola Solutions reported a fourth-quarter profit of $184 million, down from $292 million a year earlier, due in part to the loss of its networks business, which it sold to Nokia Siemens Networks in April for $975 million. On a per-share basis, earnings rose to 54 cents from 49 cents due to fewer shares outstanding in the most-recent quarter. Excluding items such as stock-based compensation, amortization and reorganization costs, earnings rose to 87 cents from 64 cents. Revenue jumped 5.3% to $2.3 billion.The company said it expecte...

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