Motorola: Q2 EPS beats estimates
(CercleFinance.com) - On Thursday evening Motorola Solutions reported Q2 2020 EPS that is down 18% at 1.
39 dollar, although this still beat the consensus by over 15 cents, while its adjusted operating margin fell by 1.7 point to 22.2%.
The telecom equipment manufacturer saw its revenues decline by 13% to 1.62 billion dollars, with the 22% fall in the products and systems integration segment not offset by 5% growth in the services and software segment.
For FY 2020, Motorola expects adjusted EPS of 7.40-7.52 dollar, with revenues that are down around 7%. For the current quarter, it expects adjusted EPS of between 1.72-1.78 dollar, for revenues that are down 8% or 9%.
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39 dollar, although this still beat the consensus by over 15 cents, while its adjusted operating margin fell by 1.7 point to 22.2%.
The telecom equipment manufacturer saw its revenues decline by 13% to 1.62 billion dollars, with the 22% fall in the products and systems integration segment not offset by 5% growth in the services and software segment.
For FY 2020, Motorola expects adjusted EPS of 7.40-7.52 dollar, with revenues that are down around 7%. For the current quarter, it expects adjusted EPS of between 1.72-1.78 dollar, for revenues that are down 8% or 9%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.