Motorola Solutions (MSI) Tops Q2 EPS by 8c, Revenues Beat; 'Raises FY Revenue & Earnings Outlook'

Motorola Solutions (NYSE: MSI) reported Q2 EPS of $1.46, $0.08 better than the analyst estimate of $1.38. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.72 billion.

• Company raises full-year revenue and earnings outlook
• Sales of $1.8 billion, up 18 percent from a year ago
• Organic revenue1 growth of 6 percent
• Backlog of $9.4 billion, up $919 million or 11 percent from a year ago
• GAAP earnings per share (EPS) of $1.05, up 35 percent
• Non-GAAP EPS* of $1.46, up 30 percent

"Our outstanding second-quarter results highlight the continued strength of our land-mobile radio business and momentum in services and software," said Greg Brown, chairman and CEO of Motorola Solutions. "With our strong earnings, cash generation and highest Q2 backlog position ever, we are well positioned for continued growth."

GUIDANCE:

Motorola Solutions sees Q3 2018 EPS of $1.67-$1.72, versus the consensus of $1.79.

Motorola Solutions sees FY2018 EPS of $6.79-$6.89, versus the consensus of $6.84.

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

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