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Motorola Solutions fiscal Q3 profit climbs 5.4% YOY

Motorola Solutions Inc. said its normalized net income for the fiscal third quarter ended Oct. 3 came to 71 cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.

EPS increased 29.9% year over year from 54 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $142.5 million, a gain of 5.4% from $135.3 million in the third quarter ended Sept. 27, 2014.

The normalized profit margin increased to 10.0% from 9.4% in the year-earlier period.

Total revenue came to $1.42 billion, compared with $1.44 billion in the prior-year period, and total operating expenses declined year over year to $1.15 billion from $1.20 billion.

Reported net income grew 89.2% year over year to $126.8 million, or 63 cents per share, from $67.0 million, or 27 cents per share.