Investing.com - Motorola (NYSE:MSI) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Motorola announced earnings per share of $1.49 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $1.66B. That with comparison to EPS of $1.28 on revenue of $1.66B in the same period a year before.Motorola had reported EPS of $2.94 on revenue of $2.38B in the previous quarter.Analysts are expecting EPS of $1.77 and revenue of $1.87B in the upcoming quarter.
Motorola shares are down 15% from the beginning of the year and are trading at $116.21 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.2% year to date.
Motorola shares lost 14.68% in after-hours trade after the report.
Motorola follows other major Technology sector earnings this month
Motorola's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar