CHICAGO (AP) — CHICAGO (AP) — Motorola Solutions Inc. (MSI) on Thursday reported fourth-quarter net income of $611 million.
On a per-share basis, the Chicago-based company said it had net income of $3.56. Earnings, adjusted for one-time gains and costs, were $4.04 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.86 per share.
The communications equipment maker posted revenue of $3.01 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $3 billion.
For the year, the company reported profit of $1.58 billion, or $9.23 per share. Revenue was reported as $10.82 billion.
For the current quarter ending in March, Motorola expects its per-share earnings to range from $2.98 to $3.03.
The company expects full-year earnings in the range of $14.64 to $14.74 per share.
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