Motorola Solutions, Inc. MSI reported solid third-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.
On GAAP basis, net earnings were $267 million or $1.51 per share compared with $247 million or $1.43 per share in the year-earlier quarter. The year-over-year rise was primarily attributable to top-line growth.
Non-GAAP earnings were $2.04 per share compared with $1.94 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 8 cents.
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