Motorola Sees Q3 Adj. EPS $2.99-$3.04 vs $3 Est.; Sees FY23 Adj. EPS $11.21-$11.29 vs $11.29 Est., Revenue $9.875B-$9.9B vs $9.79B Est.
Portfolio Pulse from Benzinga Newsdesk
Motorola has released its Q3 and FY23 earnings estimates. The company expects Q3 adjusted EPS to be between $2.99 and $3.04, compared to the estimated $3. It also forecasts FY23 adjusted EPS to be between $11.21 and $11.29, slightly lower than the estimated $11.29. Revenue is expected to be between $9.875B and $9.9B, higher than the estimated $9.79B.
August 04, 2023 | 2:38 pm
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NEUTRAL IMPACT
Motorola's Q3 and FY23 earnings estimates are slightly lower than expected, but the projected revenue surpasses estimates. This mixed outlook may lead to uncertain market reactions.
Motorola's lower-than-expected EPS estimates for Q3 and FY23 might negatively impact the stock. However, the higher-than-expected revenue forecast could offset this impact, leading to a neutral score. The news is highly relevant as it directly pertains to Motorola's financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100