Motorola Solutions lifts annual guidance on resilient public safety demand

Aug 5 (Reuters) - Motorola ‌Solutions raised ​its ​full-year revenue outlook above Wall Street estimates, betting on strong demand for ‌public safety communications equipment and software.

The company, ⁠which makes radio communication equipment, 911 emergency call ‌handling software, and body ‌cameras widely used by law enforcement agencies, has benefited from strong demand from U.S. ​public safety agencies, with the D-Fend acquisition extending its capabilities into counter-drone technology.

Here are ⁠some details:

• Motorola forecast annual revenue of about $12.98 billion versus ​its guidance of $12.8 billion earlier. Analysts estimate revenue of $12.8 billion, according to LSEG ​data.

• It expects third-quarter ‌revenue growth of about 8% with adjusted earnings per share of $4.39 to $4.44, ⁠compared with analysts' estimate of $4.41 per share.

• Revenue for the second quarter ended July 4 came ⁠in at $3.13 billion, topping market expectations of $3 billion.

• The ​quarter benefited from $60 million, or $0.25 per share, in tariff refunds.

• The company ended the second quarter with ‌a record backlog of $15.6 billion.

• It also updated its annual adjusted earnings ‌guidance to $17.62 to $17.72 per share from $16.87 to $16.99 ⁠per share previously, above ‌analysts' average ​estimate of $16.98 per share.

(Reporting by Nithyashree R B in Bengaluru; Editing by Diti ‌Pujara)

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