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Motorola Solutions profit misses consensus by 20.5% in fiscal Q2

Motorola Solutions Inc. said its normalized net income for the fiscal second quarter ended July 1 amounted to 82 cents per share, compared with the S&P Capital IQ consensus estimate of $1.04 per share.

EPS climbed 10.4% year over year from 75 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $139.0 million, an increase of 6.7% from $130.3 million in the year-earlier period.

The normalized profit margin rose to 9.3% from 9.1% in the year-earlier period.

Total revenue grew year over year to $1.50 billion from $1.43 billion, and total operating expenses climbed 5.2% year over year to $1.22 billion from $1.16 billion.

Reported net income grew 23.6% from the prior-year period to $131.8 million, or 78 cents per share, from $106.6 million, or 61 cents per share.