Motorola Solutions Sees Q2 EPS $2.97-$3.02 Vs $2.91 Est.; Revenue Growth Between 7%-8% Vs Last Year; Raises FY24 EPS From $12.62-$12.72 To $12.98-$13.08 Vs $12.74 Est.; Raises Revenue Growth From 6% To 7% Vs Last Year
Portfolio Pulse from Benzinga Newsdesk
Motorola Solutions (MSI) has updated its financial outlook for Q2 and full-year 2024, raising both revenue growth and EPS estimates. For Q2, revenue growth is expected between 7%-8%, with EPS ranging from $2.97 to $3.02, surpassing the previous estimate of $2.91. For the full year, the company now anticipates a revenue growth of 7%, up from 6%, and an EPS between $12.98 and $13.08, exceeding the earlier forecast of $12.62-$12.72. These projections account for foreign exchange headwinds and a non-GAAP effective tax rate.
May 02, 2024 | 8:13 pm
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Motorola Solutions raises its Q2 and FY24 financial forecasts, with revenue growth and EPS estimates exceeding previous expectations and analyst estimates.
Motorola Solutions' upward revision of both its Q2 and full-year 2024 financial outlook, especially exceeding analyst estimates, is a strong positive signal to investors. This indicates better-than-expected performance and operational efficiency, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
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