Motorola Solutions raises its annual forecasts thanks to sustained demand in the sector
Article excerpt
Highlighted: the sentence this signal was extracted from
((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) Motorola Solutions MSI.N has raised its annual revenue forecast, beyond Wall Street estimates, banking on strong demand for communication equipment and software for public safety. The company, which manufactures radio communication equipment, 911 emergency call management software, and body cameras widely used by law enforcement, has benefited from strong demand from U.S. public safety agencies. The acquisition of D-Fend has allowed it to extend its capabilities to counter-drone technology. Here are some details: * Motorola expects annual revenue of approximately $12.98 billion, compared to a previous forecast of $12.8 billion. According to LSEG data, analysts are forecasting revenue of $12.8 billion. * The company expects revenue growth of approximately 8% in the third quarter, with adjusted earnings per share between $4.39 and $4.44, compared to analysts' estimate of $4.41 per share. * Second-quarter revenue, which ended on July 4, stood at $3.13 billion, exceeding market expectations of $3 billion. * The quarter benefited from $60 million, or $0.25 per share, in tariff refunds. * The company closed the second quarter with a record order backlog of $15.6 billion. * It also revised upwards its adjusted annual earnings forecast...
Keep reading with a free account
The rest of this article, and every signal for Motorola Solutions, is in your free account.
