Plus   Neg

Motorola Solutions Inc. Q2 adjusted earnings Beat Estimates

Motorola Solutions Inc. (MSI) reported earnings for its second quarter that increased from last year.

The company's earnings came in at $349 million, or $1.18 per share. This compares with $273 million, or $1.05 per share, in last year's second quarter.

Excluding items, Motorola Solutions Inc. reported adjusted earnings of $444 million or $1.69 per share for the period.

Analysts had expected the company to earn $1.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.7% to $1.86 billion from $1.76 billion last year.

Motorola Solutions Inc. earnings at a glance:

-Earnings (Q2): $444 Mln. vs. $378 Mln. last year.
-EPS (Q2): $1.69 vs. $1.46 last year.
-Analysts Estimate: $1.60
-Revenue (Q2): $1.86 Bln vs. $1.76 Bln last year.

Next quarter EPS guidance: $1.91 to $1.96
Full year EPS guidance: $7.67 to $7.77

For comments and feedback contact: editorial@rttnews.com

Follow RTT