Motorola: Q1 Earnings Snapshot

CHICAGO (AP) — CHICAGO (AP) — Motorola Solutions Inc. (MSI) on Thursday reported a loss of $39 million in its first quarter.

On a per-share basis, the Chicago-based company said it had a loss of 23 cents. Earnings, adjusted for one-time gains and costs, were $2.81 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.

The communications equipment maker posted revenue of $2.39 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $2.34 billion.

For the current quarter ending in June, Motorola expects its per-share earnings to range from $2.97 to $3.02.

The company expects full-year earnings in the range of $12.98 to $13.08 per share.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MSI at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up