The company adjusted its expectations for annual adjusted earnings per share to a range between $17.94 and $17.99, an increase from its previous forecast of $17.62 to $17.72. This revision follows a strong third quarter where sales grew 12% to reach $3.38 billion.
In section Market Quotes
Motorola Solutions Lifts Annual Forecast Amid Record Demand
Driven by a surge in demand for its safety and security technology, Motorola Solutions has raised its full-year revenue outlook to $13.05 billion. The company reported record-breaking third-quarter orders and an unprecedented backlog, signaling sustained momentum for its video and security infrastructure business heading into the fiscal year-end.
While top-line growth remains robust, net profit for the quarter dipped to $512 million, or $3.06 per share, compared with $562 million, or $3.33 per share, during the same period last year. On an adjusted basis, earnings reached $4.69 per share. Chief Executive Greg Brown attributed these results to high-intensity interest in the company’s core security offerings, which continue to anchor its financial performance.
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