UPDATE: Motorola Solutions Q4 Profit Surges 53%

Motorola Solutions MSI reported a 53% rise in its fourth-quarter profit. Motorola Solutions' quarterly operating earnings surged to $423 million, or $1.18 per share, versus $276 million, or $0.54 per share, in the year-earlier quarter. Its adjusted profit surged to $1.10 per share from $0.87 per share. Its sales gained 6% to $2.44 billion. However, analysts were expecting earnings of $1.02 per share on sales of $2.45 billion. Motorola Solutions projects Q1 adjusted profit of $0.62 to $0.67 per share, versus analysts' estimates of $0.67 per share. Motorola Solutions shares closed at $58.29 yesterday.