Motorola Solutions Inc (MSI) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.87. The company posted revenue of $1430.00 million in the period, compared to analysts expectations of $1397.99 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Many Wall Street Analysts have commented on Motorola Solutions Inc. Motorola Solutions Inc was Initiated by Citigroup to “Neutral” on Jun 20, 2016. Shares were Reiterated by MKM Partners on May 9, 2016 to “Neutral” and Lowered the Price Target to $ 69 from a previous price target of $74 .
Motorola Solutions Inc closed down -0.79 points or -1.13% at $68.84 with 8,09,212 shares getting traded on Tusday. Post opening the session at $69.42, the shares hit an intraday low of $68.36 and an intraday high of $69.5 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 19, 2016, Eduardo F Conrado (EVP, Strategy & IO) sold 976 shares at $70.08 per share price. According to the SEC, on May 12, 2016, Bruce W Brda (EVP, Products & Services) sold 12,820 shares at $70.89 per share price. On Apr 4, 2016, Greg Mondre (director) purchased 50 shares at $63.90 per share price, according to the Form-4 filing with the securities and exchange commission.
Motorola Solutions Inc. provides communication infrastructure devices accessories software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure devices accessories and software. The primary customers of the Products segment are Government public safety and first-responder agencies municipalities and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services Lifecycle Support services Managed services Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.