Motorola Solutions (MSI) Tops Q1 EPS by 21c; Withdraws Outlook

Motorola Solutions (NYSE: MSI) reported Q1 EPS of $1.49, $0.21 better than the analyst estimate of $1.28. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.66 billion.

GUIDANCE:

• Second-quarter 2020 - Motorola Solutions expects revenue decline of (17%) to (14%) compared with the second quarter of 2019. The company expects non-GAAP earnings per share in the range of $1.18 to $1.27. This assumes approximately $30 million of currency headwinds at current rates, approximately 175 million fully diluted shares, and an effective tax rate of 24% to 25%.
• Full-year 2020 - Motorola Solutions is withdrawing its full year guidance, due to uncertainty surrounding the COVID-19 pandemic.

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

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