Motorola Solutions (MSI) Reports Q2 EPS of 47c, Offers Guidance

Motorola Solutions (NYSE: MSI) reported Q2 EPS of $0.47, may not compare to the analyst estimate of $0.63. Revenue for the quarter came in at $1.39 million, may not compare to the consensus estimate of $1.96 million.

Outlook

• Third quarter 2014 — Motorola Solutions expects a revenue decline of 7 to 9 percent compared with the third quarter of 2013, with non-GAAP earnings per share from continuing operations in the range of $0.35 to $0.41 per share.
• Full year 2014 — The company still expects a revenue decline of low- to mid- single digits, excluding IDEN, with non-GAAP operating margins from continuing operations of approximately 18.5 percent of sales, consistent with the previous outlook.
• The company has increased its target for cost reductions from $200 million to approximately $300 million by the end of 2015. This will result in a total reduction in operating expenses from $2 billion in 2013 to approximately $1.7 billion for 2015.

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

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