03.08.2023 23:00:42 - dpa-AFX: Motorola Solutions Inc. Q2 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Motorola Solutions Inc. (MSI) revealed earnings for
its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $371 million, or $2.15 per share. This
compares with $228 million, or $1.33 per share, in last year's second quarter.
Excluding items, Motorola Solutions Inc. reported adjusted earnings of $458
million or $2.65 per share for the period.
Analysts on average had expected the company to earn $2.51 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 12.1% to $2.40 billion from $2.14
billion last year.
Motorola Solutions Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $371 Mln. vs. $228 Mln. last year.
-EPS (Q2): $2.15 vs. $1.33 last year.
-Analyst Estimate: $2.51
-Revenue (Q2): $2.40 Bln vs. $2.14 Bln last year.
-Guidance:
Next quarter EPS guidance: $2.99 to $3.04
Full year EPS guidance: $11.40 - $11.48
Full year revenue guidance: $9.875 - $9.900 Bln
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