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Motorola Solutions fiscal Q1 profit climbs 33.0% YOY

Motorola Solutions Inc. said its normalized net income for the fiscal first quarter ended April 4 amounted to 27 cents per share, compared with the S&P Capital IQ consensus estimate of 25 cents per share.

EPS rose 57.7% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $59.0 million, an increase of 33.0% from $44.4 million in the first quarter ended March 29, 2014.

The normalized profit margin rose to 4.8% from 3.6% in the year-earlier period.

Total revenue totaled $1.22 billion, compared with $1.23 billion in the prior-year period, and total operating expenses declined on an annual basis to $1.09 billion from $1.13 billion.

Reported net income grew year over year to $87.1 million, or 40 cents per share, from $85.2 million, or 33 cents per share.