Motorola Solutions Forecasts Lower-than-Expected Annual Profit, Shares Decline

Despite beating fourth-quarter earnings expectations, Motorola Solutions' shares fell due to a slightly weaker full-year profit forecast.

Motorola Solutions reported a fourth-quarter profit of $595 million, with an adjusted EPS of $3.90, surpassing Wall Street expectations.
The company's fourth-quarter revenue rose to $2.85 billion, driven by growth in North America and international markets.
Motorola Solutions forecasts a full-year adjusted profit of $12.62 to $12.72 per share, slightly below the expected $12.68.
The company announced a $2 billion increase in its share repurchase authorization, following a year of significant stock buybacks and dividend payments.
Motorola Solutions signed a strategic multi-year agreement with Google Cloud to innovate on cloud solutions for safety and security technologies.