Motorola Solutions Inc. (MSI) revealed earnings for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $513 million, or $3.04 per share. This compares with $443 million, or $2.60 per share, last year.
Excluding items, Motorola Solutions Inc. reported adjusted earnings of $602 million or $3.57 per share for the period.
Analysts on average had expected the company to earn $3.36 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.2% to $2.765 billion from $2.628 billion last year.
Motorola Solutions Inc. earnings at a glance (GAAP) :
-Earnings: $513 Mln. vs. $443 Mln. last year.-EPS: $3.04 vs. $2.60 last year.-Revenue: $2.765 Bln vs. $2.628 Bln last year.
-Guidance:Next quarter EPS guidance: $3.82 - $3.87
The company expects FY25 revenue of approximately $11.65 billion, up from its prior guidance of approximately $11.4 billion.
The company expects FY25 Non-GAAP EPS between $14.88 and $14.98, up from its prior guidance of $14.64 and $14.74 per share.
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