Reuters: Technology News: Communications gear maker Motorola Solutions cuts forecast again

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Communications gear maker Motorola Solutions cuts forecast again Jul 24th 2013, 11:25 Wed Jul 24, 2013 7:25am EDT (Reuters) - Communications gear maker Motorola Solutions Inc cut its full-year forecast for the second time as it struggles with a slowdown in sales to businesses. The company expects full-year revenue to remain flat or rise just 1 percent, down from its earlier forecast of a growth of 3-4 percent. Net income from continuing operations rose to $258 million, or 94 cents per share, in the second quarter, from $177 million, or 60 cents per share, a year earlier. Revenue fell 2 percent to $2.10 billion. Sales in its enterprise business, which brought in about a third of the company's revenue last year, fell 5 percent to $656 million. Motorola Solutions dominates the two-way radio market with its land-mobile-radio systems and public-safety products, and the U.S. government is its largest customer.

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