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Motorola Solutions Inc Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance

Wednesday, 24 Jul 2013 07:02am EDT 

Motorola Solutions Inc announced that for the third quarter of 2013, it expects revenues to be flat to down 3% compared with the third quarter of 2012 and Non-GAAP earnings per share from continuing operations of $0.97 to $1.02 per share. For fiscal 2013, the Company now expects revenues that are flat to up 1% compared with 2012. The Company reported revenue of $2.153 billion in the third 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 $2.25 billon and EPS of $1.25 for the third quarter of 2013; revenue of $8.92 billion for fiscal 2013.