Motorola Solutions Inc. Q3 Profit Decreases, but beats estimates

Motorola Solutions Inc. (MSI) released earnings for third quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $279 million, or $1.63 per share. This compares with $307 million, or $1.76 per share, in last year's third quarter.

Excluding items, Motorola Solutions Inc. reported adjusted earnings of $514 million or $3.00 per share for the period.

Analysts on average had expected the company to earn $2.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.3% to $2.37 billion from $2.11 billion last year.

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

-Earnings (Q3): $279 Mln. vs. $307 Mln. last year.
-EPS (Q3): $1.63 vs. $1.76 last year.
-Analyst Estimates: $2.88
-Revenue (Q3): $2.37 Bln vs. $2.11 Bln last year.

Next quarter EPS guidance: $3.40 to $3.45
Full year EPS guidance: $10.17 and $10.22

For comments and feedback contact: editorial@rttnews.com

Follow RTT