Motorola Solutions Falls as Profit Forecast Trails Estimates
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Motorola Solutions Inc., the maker of industrial gear such as two-way radios and bar-code scanners, fell the most in more than two years after projecting second-quarter profit and sales that trailed analyst estimates.
The stock tumbled 9.3 percent to $56.02 at the close New York time, the biggest decline since the company spun off its mobile-phone unit in January 2011. The decline cut the shares’ gain to less than 1 percent this year.