Motorola: Q1 Earnings Snapshot
CHICAGO (AP) — CHICAGO (AP) — Motorola Solutions Inc. (MSI) on Thursday reported first-quarter net income of $430 million.
The Chicago-based company said it had net income of $2.53 per share. Earnings, adjusted for one-time gains and costs, were $3.18 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share.
The communications equipment maker posted revenue of $2.53 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.51 billion.
For the current quarter ending in June, Motorola expects its per-share earnings to range from $3.32 to $3.37.
The company expects full-year earnings in the range of $14.64 to $14.74 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSI at https://www.zacks.com/ap/MSI