Motorola Solutions’ Earnings Overshadow Underlying Business Weakness
Motorola Solutions was able to beat market estimates, backed by incremental revenues from Airwave Solutions and a decline in expenses due to cost control initiatives and a strong dollar. However, its underlying results were pressured by economic uncertainty in Latin America and Europe, and negative currency headwinds. The table below provides an overview of the results.
On the plus side, the company did very well in North America, where both product and services revenues increased in low-single digits. Also, the company’s product backlog increased 43% year over year to $8.3 billion, driven by contract wins, implying that Motorola has a lot to work with in the near future.
Have more questions about Motorola Solutions See the links below:
- Up 30% In The Last 12 Months, Will Motorola Solutions Stock Rally Further Following Q4 Results?
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- Motorola Solutions Stock Has More Than Doubled Market Returns Since 2018- Here’s Why
- Motorola Solutions Stock Has Almost Doubled The S&P’s Returns Since 2018- Here’s Why
- Motorola Solutions Inc. Stock Looks Set To Continue Its Rally
Notes:
- What’s Motorola Solutions’ Revenue And Net Income Breakdown In Terms Of Different Operating Segments?
- How Has Motorola’s Revenue & Cash Profit Composition Changed In The Last Four Years?
- By How Much Have Motorola Solutions’ Revenue and EBITDA Increased In The Last Five Years?
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