Motorola Solutions (MSI) Reports In-Line Q1 EPS

Motorola Solutions (NYSE: MSI) reported Q1 EPS of $0.50, in-line with the analyst estimate of $0.50. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.83 billion.

Motorola Solutions sees Q2 2014 EPS of $0.58-$0.64, which may note compare to the consensus of $0.84. Motorola Solutions expects a revenue decline of 5 to 8 percent compared with the second quarter of 2013.

Full year 2014 - The company expects a revenue decline of low single digits compared with 2013, with non-GAAP operating margins of approximately 18.5 percent of sales, consistent with the previous outlook.

Greg Brown, chairman and CEO, Motorola Solutions, said “First quarter sales results were below expectations due to lower order volume in both Enterprise and North America Government,” said Greg Brown, chairman and CEO, Motorola Solutions. “The long-term fundamentals of our Government business remain solid and, with the announced sale of the Enterprise business, we will accelerate ongoing cost actions to improve our competitiveness and operating leverage going forward.”

For earnings history and earnings-related data on Motorola Solutions (MSI) click here.

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