Motorola Solutions (MSI) Tops Q3 EPS by 22c, Revenues Miss; Raises FY18 EPS Guidance Above Consensus

Motorola Solutions (NYSE: MSI) reported Q3 EPS of $1.94, $0.22 better than the analyst estimate of $1.72. Revenue for the quarter came in at $1.862 billion versus the consensus estimate of $1.87 billion.

Sales of $1.9 billion, up 13 percent
Backlog of $9.5 billion, up $572 million or 6 percent from a year ago
Generated $338 million of operating cash flow, up 25 percent
GAAP earnings per share (EPS) of $1.43, up 14 percent
Non-GAAP EPS* of $1.94, up 27 percent

"Q3 was another strong quarter of revenue and earnings growth,” said Greg Brown, chairman and CEO of Motorola Solutions. “Our overall business performance, along with our record Q3 backlog, provides solid momentum moving forward.”

GUIDANCE:

Motorola Solutions sees FY2018 EPS of $7.00-$7.05, versus the consensus of $6.86.

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

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