Motorola Solutions (MSI) Tops Q2 Earnings Views by 8c; Q3 EPS Guidance Below the Street
Motorola Solutions (NYSE: MSI) reported Q2 EPS of $1.12, $0.08 better than the analyst estimate of $1.04. Revenue for the quarter came in at $2.11 billion versus the consensus estimate of $2.13 billion.
Motorola Solutions sees Q3 2013 EPS of $0.97-$1.02, versus the consensus of $1.25. The company sees revenues that are flat to down 3 percent compared with the third quarter of 2012.
Greg Brown, chairman and CEO of Motorola Solutions, said: "Our Government business performed well in the second quarter though our Enterprise business continues to be challenged primarily due to market conditions. We remain confident in the fundamental drivers of the business. We will maintain our focus on growing our revenues, managing our cost structure and expanding our operating margin."
For earnings history and earnings-related data on Motorola Solutions (MSI) click here.
Motorola Solutions sees Q3 2013 EPS of $0.97-$1.02, versus the consensus of $1.25. The company sees revenues that are flat to down 3 percent compared with the third quarter of 2012.
Greg Brown, chairman and CEO of Motorola Solutions, said: "Our Government business performed well in the second quarter though our Enterprise business continues to be challenged primarily due to market conditions. We remain confident in the fundamental drivers of the business. We will maintain our focus on growing our revenues, managing our cost structure and expanding our operating margin."
For the full-year 2013, the company now expects revenues that are flat to up 1 percent compared with 2012. The company still expects to achieve Non-GAAP operating margins of approximately 18 percent of sales. This outlook excludes stock-based compensation, intangible amortization and charges associated with items typically highlighted by the company in its quarterly earnings releases.
For earnings history and earnings-related data on Motorola Solutions (MSI) click here.