Motorola Fourth-Quarter Profits More Than Triple
By Reuters
SCHAUMBURG, Ill. (Reuters) - Motorola Inc. (MOT.N), the world's second-largest wireless telephone maker, said on Monday its fourth-quarter profits more than tripled, topping Wall Street forecasts, on strong wireless phone sales.
The Schaumburg, Ill.-based maker of computer chips and telecommunications equipment said operating profit, excluding one-time items, rose to $514 million, or 82 cents per share, from $159 million, or 26 cents per share, in the year-earlier quarter.
On average, analysts were forecasting 81 cents per share, according to First Call/Thomson Financial estimates.
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