CHICAGO (AP) — CHICAGO (AP) — Motorola Solutions Inc. (MSI) on Wednesday reported second-quarter profit of $557 million.
On a per-share basis, the Chicago-based company said it had net income of $3.33. Earnings, adjusted for one-time gains and costs, were $4.41 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.86 per share.
The communications equipment maker posted revenue of $3.13 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $3 billion.
For the current quarter ending in September, Motorola expects its per-share earnings to range from $4.39 to $4.44.
The company expects full-year earnings in the range of $17.62 to $17.72 per share, with revenue expected to be $12.98 billion.
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