Motorola: Q1 above consensus

(CercleFinance.com) - On Thursday evening Motorola Solutions reported 16% growth in EPS to 1.
49 dollar for the first quarter of 2020, exceeding the market consensus by over 20 cents, with its adjusted operating margin up two points to 21%.

The telecom equipment manufacturer's sales were flat at 1.65 billion dollars, with the 7% decline in the products and systems integration segment offset by 13% growth in the services and software segment.

In light of uncertainties relating to the Covid-19 pandemic, Motorola has said that it is withdrawing its targets for FY 2020. For the current quarter, it expects adjusted EPS of between 1.18-1.27 dollar, with revenue down by 17% to 14% y-o-y.


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