CHICAGO (AP) — CHICAGO (AP) — Motorola Solutions Inc. (MSI) on Thursday reported third-quarter net income of $562 million.
The Chicago-based company said it had profit of $3.29 per share. Earnings, adjusted for one-time gains and costs, were $3.74 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.38 per share.
The communications equipment maker posted revenue of $2.79 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $2.76 billion.
Motorola expects full-year earnings in the range of $13.63 to $13.68 per share.
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