Motorola Solutions (MSI) Tops Q2 EPS by 18c, Offers Guidance

Motorola Solutions (NYSE: MSI) reported Q2 EPS of $1.39, $0.18 better than the analyst estimate of $1.21. Revenue for the quarter came in at $1.62 billion versus the consensus estimate of $1.57 billion.

GUIDANCE:

Motorola Solutions sees Q3 2020 EPS of $1.72-$1.78, versus the consensus of $1.75.

Motorola Solutions expects revenue decline of (9%) to (8%) compared with the third quarter of 2019. The company expects non-GAAP earnings per share in the range of $1.72 to $1.78. This assumes current foreign exchange rates, approximately 174 million fully diluted shares, and an effective tax rate of approximately 23%.

Motorola Solutions sees FY2020 EPS of $7.40-$7.52, versus the consensus of $7.34.

Motorola Solutions expects revenue decline of approximately (7%) and non-GAAP earnings per share in the range of $7.40 to $7.52. This assumes current foreign exchange rates, approximately 175 million fully diluted shares, and an effective tax rate of 21% to 22%.

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

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