Motorola Solutions beats by $0.14, beats on revs; guides Q3 EPS below consensus, revs below consensus; reaffirms FY15 EPS guidance, revs guidance
Reports Q2 (Jun) earnings of $0.68 per share, excluding non-recurring items, $0.14 better than the Capital IQ Consensus Estimate of $0.54; revenues fell 1.8% year/year to $1.37 bln vs the $1.34 bln consensus.
- Co issues downside guidance for Q3, sees EPS of $0.68-0.73 vs. $0.83 Capital IQ Consensus Estimate; sees Q3 revs down 2-3% yr/yr or roughly $1.39-1.42 bln vs. $1.43 bln Capital IQ Consensus Estimate.
- Co reaffirms guidance for FY15, sees EPS of $3.20-3.40 vs. $3.27 Capital IQ Consensus Estimate; sees FY15 rev flat to down 2% or roughly $5.76-5.88 bln vs. $5.81 bln Capital IQ Consensus Estimate.