logo
  

Motorola Solutions Backs Q2 Outlook; Names Jason Winkler CFO

Telecommunications equipment maker Motorola Solutions Inc. (MSI) on Wednesday reaffirmed its second-quarter adjusted earnings per share guidance in the range of $1.18 to $1.27 and revenue guidance of a decline of 14 percent to 17 percent from last year.

On average, 10 analysts polled by Thomson Reuters expect earnings of $1.18 per share for the quarter. Analysts' estimates typically exclude special items.

Further, the company announced that Jason Winkler has been named executive vice president and chief financial officer, effective July 1. Winkler succeeds Gino Bonanotte, who has decided to retire from Motorola Solutions on December 31, 2020.

Bonanotte will work closely with Winkler through the remainder of 2020 to ensure a smooth transition. He has been with the company for 33 years, including the last seven years as chief financial officer.

The new CFO, Winkler, has over 19 years of experience with the company. He most recently served as senior vice president leading finance for the products and sales group, including the video security business and global finance teams.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
When Can We Expect Starlink to Go Public? This question got an answer from Tesla and SpaceX CEO Elon Musk, who said he will only publicly list SpaceX's satellite internet service Starlink when its revenue is more predictable. Musk was responding to a users tweet, "Any thoughts on Starlink IPO we would love to invest in the future. Any thoughts on first dibs for Tesla retail investors?" John David McAfee, who founded the antivirus software company McAfee Associates, has been found dead in a prison cell in Spain shortly after a Spanish court agreed to extradite him to the US to face tax evasion charges, multiple reports said. He was arrested in Spain in October 2020 after being accused of failing to file tax returns for four years. While reporting financial results for the first quarter of fiscal 2022 on Thursday, drugstore chain Rite Aid Corp. (RAD) initiated its adjusted loss and total revenue guidance for the full-year 2022, below analysts' estimates. For fiscal 2022, the company now projects an adjusted loss in a range...
RELATED NEWS
Follow RTT