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Motorola Solutions, Inc. MSI reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance above estimates on Thursday.
Driven by solid demand trends, MSI surpassed third-quarter 2024 earnings estimates with record revenues.
Motorola Solutions, Inc. (NYSE:MSI ) Q3 2024 Results Conference Call November 7, 2024 5:00 PM ET Company Participants Tim Yocum - Vice President of Investor Relations Greg Brown - Chairman and Chief Executive Officer Jason Winkler - Executive Vice President and Chief Financial Officer Jack Molloy - Executive Vice President and Chief Operating Officer Mahesh Saptharishi - Executive Vice President and Chief Technology Officer Conference Call Participants Ben Bollin - Cleveland Research Adam Tindle - Raymond James Joseph Cardoso - JPMorgan Alyssa Shreves - Barclays Amit Daryanani - Evercore Rodney McFall - Northcoast Research Tomer Zilberman - Bank of America Meta Marshall - Morgan Stanley Bryce Sandberg - William Blair Operator Good afternoon, and thank you for holding. Welcome to the Motorola Solutions Third Quarter 2024 Earnings Conference Call.
Although the revenue and EPS for Motorola (MSI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Motorola (MSI) came out with quarterly earnings of $3.74 per share, beating the Zacks Consensus Estimate of $3.38 per share. This compares to earnings of $3.19 per share a year ago.
Safety and enterprise security services provider Motorola Solutions raised its full-year revenue and profit forecasts on Thursday, as clients turn to the firm for its security-focused telecommunication products.
Motorola Solutions stock price has been firing on all cylinders in the past few years even as many people have largely forgotten about it. It soared to a record high of $480 this week, bringing the year-to-date gains to 50%, meaning that it is outperforming most tech stocks.
Motorola is expected to have seen y/y top-line growth in the third quarter, driven by solid demand across video security and services and land mobile radio products.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Motorola (MSI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Motorola's cutting-edge solutions are used by the Glendale Police Department to expedite response during critical incidents in the United States.
Singapore's leading public transport operator has opted to deploy Motorola's TETRA system to bolster its radio communication infrastructure and enhance railway operations.