Motorola Solutions, Inc. (MSI - Free Report) reported solid second-quarter 2019 results with year-over-year increase in revenues and earnings, driven by strength in both segments and diligent execution of operational plans. The company is well poised to sustain its momentum throughout the year with healthy demand across its portfolio and record order backlog.
Net Earnings
On GAAP basis, net earnings were $207 million or $1.18 per share compared with $180 million or $1.05 per share in the year-earlier quarter. The year-over-year rise was primarily attributable to top-line growth.
Non-GAAP earnings per share were $1.69 compared with $1.46 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 9 cents.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Motorola Solutions, Inc. (MSI - Free Report) reported solid second-quarter 2019 results with year-over-year increase in revenues and earnings, driven by strength in both segments and diligent execution of operational plans. The company is well poised to sustain its momentum throughout the year with healthy demand across its portfolio and record order backlog.
Net Earnings
On GAAP basis, net earnings were $207 million or $1.18 per share compared with $180 million or $1.05 per share in the year-earlier quarter. The year-over-year rise was primarily attributable to top-line growth.
Non-GAAP earnings per share were $1.69 compared with $1.46 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 9 cents.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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