Motorola shares are trading higher after the company reported better-than-expected Q3 financial results, issued Q4 adjusted EPS guidance above estimates and raised FY23 revenue guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Motorola's Q3 financial results exceeded expectations, leading to a rise in its share price. The company also issued Q4 adjusted EPS guidance above estimates and raised its FY23 revenue guidance above estimates.
November 03, 2023 | 2:44 pm
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POSITIVE IMPACT
Motorola's better-than-expected Q3 results and raised guidance for Q4 EPS and FY23 revenue could lead to a positive short-term impact on its stock price.
Motorola's Q3 results exceeded expectations, which is a positive signal for investors. Additionally, the company's raised guidance for Q4 EPS and FY23 revenue indicates strong future performance, which could further boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100