Motorola Solutions Inc. MSI is a leading communications equipment manufacturer, and has strong market positions in bar code scanning, wireless infrastructure gear, and government communications.
Motorola Solutions generally provides services and solutions to the government segments and public safety programs together with large enterprises and wireless infrastructure service providers.
Currently, Motorola Solutions has a Zacks Rank #3 (Hold), but that could definitely change following Motorola Solutions’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Motorola Solutions’ earnings (including stock based compensation expenses) of 76 cents comfortably beat the Zacks Consensus Estimate of 65 cents.
Revenue: Motorola Solutions reported revenues of $1,422 million. This outpaced our consensus estimate of $1,408 million.
Key Stats to Note: Motorola Solutions provided guidance for fourth quarter 2015 where the top line is expected to drop in between 6 to 8% while the adjusted earnings from continuing operations to be in the band of $1.45 to $1.50 per share. The outlook was mainly influenced by soft Latin American market and adverse currency movements.
Check back later for our full write up on this Motorola Solutions earnings report later!
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