Motorola Solutions profit beats estimates on government spending
(Reuters) – Communications gear maker Motorola Solutions Inc reported better-than-expected fourth-quarter profit, boosted by higher government spending on public safety, but forecast current quarter revenue below analysts' estimates. The company expects first-quarter revenue to increase 4 percent to 5 percent from a year earlier. This means a revenue of between $2.03 billion and $2.05 billion. It forecast earnings of between 62 cents and 67 cents per share from continuing operations in the first quarter of 2013. Analysts on average are expecting a profit of 67 cents per share on revenue of $2. …
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