Motorola gloomy on 2013 growth

Communications gear maker Motorola Solutions yesterday forecast current-quarter revenue below analysts’ estimates, and said it expected growth in its government business to moderate in 2013 after the end of an upgrade program for two-way radios. Net income from continuing operations rose to $336m (£212.2m), or $1.18 per share, in the fourth quarter, from $177m, or 54 cents per share, a year earlier.