On August 6, Motorola Solutions rose 9.49% in regular trading, trading at $482.915/share, with turnover of $139 million.
The surge was driven by the company's Q2 earnings release, which significantly exceeded market expectations across all key metrics. Q2 adjusted EPS came in at $4.41, beating the consensus estimate of $3.85 by 14.55% and representing a 23.53% year-over-year increase. Revenue reached $3.133 billion, surpassing the $3.001 billion estimate. The company simultaneously raised full-year adjusted EPS guidance to $17.62-$17.72, well above the FactSet estimate of $16.97, and lifted full-year revenue guidance to approximately $12.98 billion.
Notably, backlog reached a record $15.6 billion, reflecting sustained strong demand in public safety communications. The company cited robust demand for public safety equipment and software as key growth drivers. Morgan Stanley subsequently raised its price target to $476 from $470, maintaining an Overweight rating, while the analyst consensus target stands at $522.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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