Motorola Solutions forecasts results below estimates

नोव्हेंबर 11, 1977 § यावर आपले मत नोंदवा

2 way radio frequency chartWhen we found this informative article we were so excited, having looked for over one year for this, discovering it on this site was an exciting day for yours truly.

Motorola Solutions Inc, which makes Motorola walkie talkies, rugged mobilecomputers and tablets, forecast weaker-than-expected quarterly results after reporting first-quarter revenue below estimates as orders from government and businesses fell.
The company said it expects second-quarter adjusted profit of 58-64 cents per share. It also forecast a 5-8 percent fall in revenue, implying revenue of $1.94 billion-$2 billion (1.18 billion pounds).
Analysts on average were expecting a profit of 84 cents per share on revenue of $2.05 billion, according to Thomson Reuters I/B/E/S
Motorola expects revenue to fall at a low single-digit rate for the full year.
“… We will accelerate ongoing cost actions to improve our competitiveness and operating leverage going forward,” Chief Executive Greg Brown said in a statement on Thursday.
The company said net income fell to $127 million, or 49 cents per share, for the first quarter ended March 29, from $192 million, or 68 cents per share, a year earlier.
Excluding items, the company earned 50 cents per share, in line with analysts’ estimates.
Revenue fell 9 percent to $1.8 billion. Analysts expected sales of $1.82 billion.
Sales in its government unit fell 11 percent to $1.2 billion. Thebusiness, which includes the U.S. government as its largest customer, provides land-mobile-radio systems, motorola GP680 two way radio; http://www.capemaycountyamateurradioclub.org/,s and sells video surveillance systems.
Sales in itsbusinessfell 4 percent due to lower demand for iDEN wireless communication products.
Motorola will be retaining its iDEN products portfolio after it sells its enterprisebusinessto barcode printer maker Zebra Technologies Corp for $3.45 billion.
Shares of the company closed at $63.58 on the New York Stock Exchange on Wednesday.

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