Motorola Solutions Exceeds Expectations

Photo credit © Reuters

( — Motorola Solutions, the American telecom group born from a split from Motorola more than ten years ago, announced for its second fiscal quarter adjusted earnings per share of $2.07, against $1.9 consensus and $2.07 $ a year earlier. Group revenue was $2.14 billion for the period, 4% better than consensus, from $1.97 billion a year earlier. The company is also allowing itself to raise its revenue and profit estimates for the year, with a record backlog of 13.4 billion dollars at the end of the period, up 19%. MSI now expects revenue growth of around 8%, up from its earlier guidance of around 7%, and adjusted earnings per share of between $10.03 and $10.13, in up from its earlier forecast of between $9.80 and $9.95. This outlook assumes about $170 million of currency “headwinds”, about 172 million fully diluted shares, and an effective tax rate of 21-21.5%.


Source link -87