Motorola Solutions (NYSE: MSI) reported Q1 EPS of $1.70, $0.09 better than the analyst estimate of $1.61. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.83 billion.

GUIDANCE:

Motorola Solutions sees Q2 2022 EPS of $1.83-$1.88, versus the consensus of $2.09.

• The company expects revenue growth of 4% to 5% compared to the second quarter of 2021. The company expects non-GAAP EPS in the range of $1.83 to $1.88 per share. This assumes $50 million in foreign exchange headwinds, 173 million fully diluted shares, and an effective tax rate of 22% to 23%

Motorola Solutions sees FY2022 EPS of $9.80-$9.95, versus the consensus of $9.85.

• The company is maintaining its prior guidance of 7% revenue growth and non-GAAP EPS guidance of between $9.80 and $9.95 per share. This outlook assumes $170 million in foreign exchange headwinds, an increase of $110 million from the prior guidance. It also assumes 173 million fully diluted shares and an effective tax rate of 21% to 21.5%. The company expects pricing actions, targeted cost reductions, and a favorable mix for LMR products to result in higher operating margins in the second half of the year.

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