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.
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