Motorola Solutions (NYSE: MSI) reported Q1 EPS of $1.28, $0.14 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.63 billion.

• Revenue of $1.7 billion, up 13% from a year ago
• Operating cash flow of $251 million, up $751 million* from a year ago
• GAAP earnings per share (EPS) of $0.86, up 25%
• Non-GAAP EPS** of $1.28, up 16%
• Backlog of $10.4 billion, up $781 million from a year ago

"Q1 was another outstanding quarter, with record first-quarter revenue, operating earnings and ending backlog,” said Greg Brown, chairman and CEO of Motorola Solutions. “We are well positioned for 2019 with continued demand across our platforms.”

GUIDANCE:

Motorola Solutions sees Q2 2019 EPS of $1.55-$1.60, versus the consensus of $1.61.

Motorola Solutions sees FY2019 EPS of $7.60-$7.72, versus the consensus of $7.66.

BUSINESS OUTLOOK

• Second-quarter 2019 - Motorola Solutions expects revenue growth of approximately 4 to 5% compared with the second quarter of 2018. The company expects non-GAAP earnings in the range of $1.55 to $1.60 per share. This assumes current foreign exchange rates, approximately 176 million fully diluted shares and an effective tax rate of approximately 24%.
• Full-year 2019 - The company continues to expect revenue growth of approximately 6 to 7% and now expects non-GAAP earnings per share in the range of $7.60 to $7.72, up from the prior guidance of $7.55 to $7.70. This assumes current foreign exchange rates, approximately 176 million fully diluted shares and an effective tax rate of 24 to 25%.

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