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Motorola Solutions hikes 2019 outlook anew as Q2 earnings beat consensus

Motorola Solutions Inc. raised its outlook for 2019 as adjusted EPS and revenue in the second quarter beat analysts' expectations.

The company expects an adjusted EPS between $7.67 and $7.77 in 2019 on a non-GAAP basis, up from the prior guidance range of $7.60 to $7.72 announced along with its first-quarter results.

Motorola Solutions expects revenue growth of 7% to 7.5%, as opposed to the previous guidance of 6% to 7%.

The communications equipment firm's adjusted EPS came in at $1.69 in the second quarter from $1.46 in the year-ago period, exceeding the S&P Global Market Intelligence consensus normalized EPS estimate of $1.60.

Non-GAAP operating earnings climbed to $444 million in the three months ending June from $378 million in the year-ago period. Sales increased by 6% to $1.86 billion in the quarter from $1.76 billion in the prior-year period, topping the S&P Global Market Intelligence estimate of $1.84 billion.

Net earnings attributable to Motorola Solutions shareholders on a GAAP basis totaled $207 million, or $1.18 per share, in the second quarter, up from $180 million, or $1.05 per share, in the same period a year ago.

In the third quarter, Motorola Solutions expects 6.5% year-over-year revenue growth and a non-GAAP EPS range of $1.91 to $1.96.