Motorola Solutions: beats consensus in Q2.
(CercleFinance.com) - On Thursday evening Motorola Solutions unveiled Q2 EPS which was up 28% at 78 cents.
On an adjusted (non-GAAP) basis, EPS increased by 9% to 1.12 dollar, eight cents above the consensus.
The telecom equipment manufacturer saw its adjusted operating margin slip 0.8 points to 21.9%, although sales increased by 5% to almost 1.5 billion dollars, driven by its product segment (+6%).
CEO Greg Brown said that the group's solid backlog of 8.5 billion dollars at the end of June, along with the latest acquisitions (including Airbus DS Communications) have laid the foundations for the group's continued success.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
On an adjusted (non-GAAP) basis, EPS increased by 9% to 1.12 dollar, eight cents above the consensus.
The telecom equipment manufacturer saw its adjusted operating margin slip 0.8 points to 21.9%, although sales increased by 5% to almost 1.5 billion dollars, driven by its product segment (+6%).
CEO Greg Brown said that the group's solid backlog of 8.5 billion dollars at the end of June, along with the latest acquisitions (including Airbus DS Communications) have laid the foundations for the group's continued success.
Copyright (c) 2017 CercleFinance.com. All rights reserved.