Proactive Investors - Motorola (NYSE:MSI) Solutions Inc late Thursday announced that its third-quarter 2023 adjusted earnings per share (EPS) increased 6% year over year to $3.19, surpassing the Zacks Consensus Estimate of $3.02.
Its revenue for the period, meanwhile, rose 8% to $2.6 billion, edging past expectations of $2.52 billion.
"Q3 was another strong quarter, with record third-quarter revenue, earnings and cash flow," Motorola (NYSE:MSI) Solutions CEO Greg Brown said in a statement.
"Safety and security have never been more important and we continue to see robust demand which drove our record Q3 backlog," he added.
Looking ahead, Motorola said it expects 4Q EPS in the range of $3.60 to $3.65, better than the $3.43 expected by analysts.
The company also upped its full-year revenue and earnings guidance, now anticipating earnings in the range of $11.65 to $11.70 per share on revenue of between $9.93 billion and $9.95 billion.
Shares of Motorola rose 2% in pre-market trading on Friday and have gained 9% year to date.