Motorola (MSI) Q4 Earnings Beat Estimates On Top-Line Growth
Zacks Investment Research | Feb 06, 2020 08:31PM ET
Motorola Solutions, Inc. (NYSE:MSI) reported solid fourth-quarter 2019 results, ending the year with record sales, cash flow and backlog driven by strength in both segments and diligent execution of operational plans. The company is well poised to sustain the momentum in 2020 with healthy demand across its portfolio and large addressable markets.
Net Earnings
On GAAP basis, net earnings in the reported quarter were $244 million or $1.39 per share compared with $423 million or $2.44 per share in the year-earlier quarter. The drastic decline, despite top-line growth, was primarily attributable to expenses related to pension obligations.
Non-GAAP earnings in the quarter were $2.94 per share compared with $2.63 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 15 cents.
In full-year 2019, net earnings decreased to $868 million or $4.95 per share compared with $966 million or $5.62 per share in 2018 owing to expenses related to pension obligations. Non-GAAP earnings were $7.96 per share compared with $7.15 a year ago.
Motorola Solutions, Inc. Price, Consensus and EPS Surprise
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