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Motorola Solutions fiscal Q2 profit climbs 42.3% YOY

Motorola Solutions Inc. said its normalized net income for the fiscal second quarter ended July 4 came to 59 cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.

EPS increased 74.0% year over year from 34 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $122.8 million, an increase of 42.3% from $86.3 million in the second quarter ended June 28, 2014.

The normalized profit margin rose to 9.0% from 6.2% in the year-earlier period.

Total revenue declined on an annual basis to $1.37 billion from $1.39 billion, and total operating expenses fell 7.3% on an annual basis to $1.13 billion from $1.22 billion.

Reported net income grew 96.3% year over year to $150.8 million, or 72 cents per share, from $76.9 million, or 30 cents per share.