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Motorola Solutions Inc Issues Q2 2013 Guidance; Updates FY 2013 Guidance

Wednesday, 24 Apr 2013 07:00am EDT 

Motorola Solutions Inc announced that for second quarter of 2013, it expects revenues flat to down 2% compared with the second quarter of 2012 and Non-GAAP earnings per share (EPS) from continuing operations of $0.66 to $0.71 per share. For fiscal 2013, the company now expects revenue growth of approximately 3% to 4% compared with 2012 and Non-GAAP operating margins of approximately 18% of sales. The outlook excludes stock-based compensation, intangible amortization and charges associated with items typically highlighted by the company in its quarterly earnings releases. The Company reported revenue of $2.148 billion in second quarter of 2012 and revenue of $8.698 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $2.24 billon and EPS of $0.86 for second quarter of 2013; revenue of $9.15 billion for fiscal 2013.