CHICAGO (AP) — CHICAGO (AP) — Motorola Solutions Inc. (MSI) on Thursday reported first-quarter earnings of $366 million.
The Chicago-based company said it had net income of $2.18 per share. Earnings, adjusted for stock option expense and amortization costs, were $3.37 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.25 per share.
The communications equipment maker posted revenue of $2.71 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.7 billion.
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