Motorola Solutions Inc. Q1 Profit Increases, beats estimates

Motorola Solutions Inc. (MSI) released earnings for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $267 million, or $1.54 per share. This compares with $244 million, or $1.41 per share, in last year's first quarter.

Excluding items, Motorola Solutions Inc. reported adjusted earnings of $294 million or $1.70 per share for the period.

Analysts on average had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.8% to $1.89 billion from $1.77 billion last year.

Motorola Solutions Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $267 Mln. vs. $244 Mln. last year.
-EPS (Q1): $1.54 vs. $1.41 last year.
-Analyst Estimate: $1.61
-Revenue (Q1): $1.89 Bln vs. $1.77 Bln last year.

Next quarter EPS guidance: Adj: $1.83 to $1.88
Full year EPS guidance: Adj: $9.80 and $9.95

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