Motorola Solutions (MSI – Analyst Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.50 per share and revenue of $1.7 billion.
Currently, MSI has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Motorola:
1. Beat earnings estimates. The company posted $1.50 per share, surpassing our Zacks Consensus Estimate of $1.40. This number excludes $0.07 from nonrecurring items.
2. Beat revenue estimates. The company saw revenue figures of $1.7 billion, beating our estimate of $1.691 billion but reflecting a decrease of 8% from the same quarter last year.
3. Generated $414 million in operating cash flow from continuing operations during the quarter, reflecting solid execution across all working capital accounts.
4. “The fourth quarter capped off a year of disciplined execution from our team with strong earnings growth and cash flow performance,” said Greg Brown, chairman and CEO of Motorola Solutions. “We grew in North America and grew in Managed & Support services across all regions while increasing backlog by nearly $700 million. Additionally, we achieved more than $200 million in structural cost savings and returned $3.5 billion of capital to shareholders.”
5. MSI was up $0.26, or 0.39%, to $67.01 as of 4:19 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Motorola’s stock price:
Motorola Solutions Inc. (MSI – Analyst Report) Stock Price | FindTheCompany
Motorola Solutions is engaged in providing communication equipments, software and services. It focuses on providing public safety communications ranging from infrastructure to applications and devices. The Company operates its business through two divisions: Government and Enterprise. The Enterprise segment is focused on mobile computing systems, advance data capture and wireless networks. The Government segment makes radio systems, radio devices and control centers for governments around the world. Products offered by the Company include devices, networks, systems, accessories, software and services.
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