CHICAGO (AP) — CHICAGO (AP) — Motorola Solutions Inc. (MSI) on Thursday reported third-quarter profit of $562 million.
On a per-share basis, the Chicago-based company said it had profit of $3.33. Earnings, adjusted for one-time gains and costs, were $4.06 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.85 per share.
The communications equipment maker posted revenue of $3.01 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.99 billion.
For the current quarter ending in December, Motorola expects its per-share earnings to range from $4.30 to $4.36.
The company expects full-year earnings in the range of $15.09 to $15.15 per share, with revenue expected to be $11.65 billion.
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