Motorola Solutions (MSI) Tops Q1 EPS by 12c, Reaffirms FY Growth Outlook

Motorola Solutions (NYSE: MSI) reported Q1 EPS of $0.52, $0.12 better than the analyst estimate of $0.40. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.17 billion.

GUIDANCE:

Motorola Solutions sees Q2 2016 EPS of $0.82-$0.88, versus the consensus of $0.95.

• Motorola Solutions expects a revenue increase of 1 to 3 percent

The company reaffirms its full-year outlook for revenue growth of 5 to 7 percent compared to 2015. This revenue outlook includes approximately $450 million in revenues associated with the Airwave acquisition. The company expects non-GAAP earnings per share from continuing operations in the range of $4.45 to $4.65 per share.

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

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