Australia markets open in 4 hours 55 minutes

Motorola (MSI) Q3 Earnings Beat on Holistic Growth, View Up

Zacks Equity Research

Motorola Solutions, Inc. MSI reported solid third-quarter 2019 results with year-over-year increase in revenues and earnings, driven by strength in both segments and diligent execution of operational plans. The company is well poised to sustain its momentum throughout the year with healthy demand across its portfolio and record order backlog.  

Net Earnings

On GAAP basis, net earnings were $267 million or $1.51 per share compared with $247 million or $1.43 per share in the year-earlier quarter. The year-over-year rise was primarily attributable to top-line growth.

Non-GAAP earnings were $2.04 per share compared with $1.94 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 8 cents.

Motorola Solutions, Inc. Price, Consensus and EPS Surprise

Click to get this free report Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report Communications Systems, Inc. (JCS) : Free Stock Analysis Report Harmonic Inc. (HLIT) : Free Stock Analysis Report Altice USA, Inc. (ATUS) : Free Stock Analysis Report To read this article on click here.