5 Quarterly Reports Everyone is Talking About

In this article, we discuss the 5 companies drawing attention on quarterly reports. If you want to read our detailed analysis of these companies, go directly to the 11 Companies Drawing Attention on Quarterly Reports.

5. Motorola Solutions, Inc. (NYSE:MSI)

Number of Hedge Fund Holders: 36

Shares of Motorola Solutions, Inc. (NYSE:MSI) turned green in the pre-market trading session on Friday, May 13, 2022, after beating financial expectations for the first quarter. The communications and analytics solutions provider earned $1.70 per share on an adjusted basis, topping estimates of $1.61 per share.

Revenue for the quarter rose 7 percent on a year-over-year basis to $1.9 billion, against the consensus of $1.83 billion. Motorola Solutions, Inc. (NYSE:MSI) also released its segment-wise sales results. Revenue from the products and systems integration business increased 9 percent, while software and services revenue increased 4 percent in the quarter.

Looking forward, Motorola Solutions, Inc. (NYSE:MSI) anticipates adjusted earnings in the range of $1.83 – $1.88 per share and revenue growth between 4 – 5 percent for the current quarter.

Discussing the results, CEO Greg Brown said:

“Record first-quarter orders, sales and ending backlog position us well for continued growth in 2022, while we continue to navigate a challenging macroeconomic and supply chain environment.”