Motorola Solutions (MSI) Tops Q1 EPS by 28c, provides guidance

Motorola Solutions (NYSE: MSI) reported Q1 EPS of $2.81, $0.28 better than the analyst estimate of $2.53. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.34 billion.

GUIDANCE:

Motorola Solutions sees Q2 2024 EPS of $2.97-$3.02, versus the consensus of $2.90.
This assumes approximately 170 million fully diluted shares and a non-GAAP effective tax rate of approximately 24%.
Full-year 2024 - The company now expects revenue growth of approximately 7%, up from its prior guidance of approximately 6%, and non-GAAP EPS of between $12.98 and $13.08 per share, versus the consensus of $12.74, up from its prior guidance of between $12.62 and $12.72 per share. This outlook assumes approximately $30 million of foreign exchange headwinds, a fully diluted share count between 170 million and 171 million shares and a non-GAAP effective tax rate between 23% and 24%.

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

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