Motorola Solutions (MSI) Tops Q1 EPS by 14c; Raises Outlook

Motorola Solutions (NYSE: MSI) reported Q1 EPS of $0.71, $0.14 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.25 billion.

• Sales of $1.3 billion, up 7 percent from a year ago
• Americas growth of 3 percent on strength in Services
• Backlog growth of $129 million from a year ago
• Generated $142 million of operating cash flow, up $129 million
• GAAP earnings per share (EPS) of $0.45
• Non-GAAP EPS1 of $0.71, up 37 percent

GUIDANCE:

Motorola Solutions sees FY2017 EPS of $5.08-$5.23, versus the consensus of $5.18.

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

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