NEW YORK (TheStreet) -- Motorola Solutions (MSI) - Get Report stock is up 7.34% to $71.65 in mid-morning trading on Tuesday after the company reported better-than-expected 2015 fourth quarter results and 2016 earnings guidance.
After the market close Monday, the communication infrastructure company reported that fourth quarter earnings rose by 26% year-over-year to $1.58 per share, higher than analysts' forecasts for earnings of $1.42 per share. Revenue of $1.7 billion beat Wall Street's forecasts for revenue of $1.67 billion.
Additionally, Motorola projected 2016 full-year earnings between $4.45 per share to $4.65 per share, well above analysts' forecasts for earnings of $3.87 per share.
The company expects business to grow in North America and contract in Europe and Latin America during 2016, Motorola said in a statement.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "hold" with a ratings score of C-. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and a decline in the stock price during the past year.
You can view the full analysis from the report here: MSI