Motorola slides as quarterly forecast disappoints

Motorola Solutions

02/05/2025 17:13

** Shares of telecommunication equipment company Motorola Solutions MSI.N fall 6.6% to $410.17

** Late on Thursday, company forecast Q2 adj. profit per share to be between $3.32 and $3.37; analysts were expecting Q2 adj. profit of $3.47 per share, according to data compiled by LSEG

** Company expects Q2 sales growth of 4%, below analysts' estimates of 5.3%

** MSI reported Q1 sales of $2.53 bln vs analysts' estimates of $2.52 bln

** Company reported Q1 adj. profit of $3.18/share, vs estimates of $3.01

** Company expects tariffs to increase costs by up to $100 mln this year, impacting full-year EPS by about 40 cents - CEO Gregory Brown said in a post-earnings call

** Brokerage Morningstar said that company's earnings are expected to be "more insulated in a tariff war than most other hardware players"

** Including session's move, stock down 11% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))