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Motorola Solutions Sees Q3 2022 Revenue Growth ~10%; Sees Adj. EPS $2.85-$2.90 Vs $2.75 Est

Benzinga Real-time News ·  Aug 5, 2022 05:55

BUSINESS OUTLOOK

  • Third quarter 2022 - The company expects revenue growth of approximately 10%, compared to the third quarter of 2021. The company expects non-GAAP EPS in the range of $2.85 to $2.90 per share. This assumes approximately $60 million in foreign exchange headwinds, approximately 172 million fully diluted shares, and an effective tax rate of approximately 20%.
  • Full-year 2022 - The company now expects revenue growth of approximately 8%, up from its prior guidance of approximately 7% and non-GAAP EPS between $10.03 and $10.13 per share, up from its prior guidance of between $9.80 and $9.95 per share. This outlook assumes approximately $170 million in foreign exchange headwinds, approximately 172 million fully diluted shares and an effective tax rate of 21% to 21.5%.
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