Motorola Solutions Inc. Earnings Cheat Sheet: Profit Rises

S&P 500 (NYSE:SPY) component Motorola Solutions Inc. (NYSE:MSI) reported its results for the third quarter. Motorola Solutions provides technologies, products, and services, including wireless handsets, digital entertainment devices, wireless accessories, set-top boxes, and video distribution systems.

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Motorola Solutions Earnings Cheat Sheet for the Third Quarter

Results: Net income for the company rose to $128 million (45 cents per share) vs. $110 million (33 cents per share) in the same quarter a year earlier.

Actual vs. Wall St. Expectations: MSI reported adjusted net income of 65 cents per share. By that measure, the company beat the mean estimate of 54 cents per share. Analysts were expecting revenue of $2.1 billion.

Quoting Management: “Our customers continue to invest in solutions that increase revenues and improve operating efficiency,” said Greg Brown, chairman and CEO of Motorola Solutions. “In addition to our robust growth this quarter, we returned significant capital to shareholders. We repurchased $744 million of stock, initiated our dividend and generated very strong operating cash flow.”

Key Stats:

The company has now topped analyst estimates for the last three quarters. It beat the mark by 13 cents in the second quarter and by 19 cents in the first quarter.

Looking Forward: The average estimate for the fourth quarter remains unchanged at 74 cents a share. In the last thirty days, the average estimate for the fiscal year has moved up from $2.23 per share to $2.24.

Competitors to Watch: Nokia Corporation (NYSE:NOK), Apple (NASDAQ:AAPL), Siemens AG (NYSE:SI), Motorola Mobility Hldgs. Inc (NYSE:MMI), Polycom, Inc. (NASDAQ:PLCM), Cisco Systems, Inc. (NASDAQ:CSCO), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), EMS Technologies, Inc. (NASDAQ:ELMG), Harris Corporation (NYSE:HRS), CalAmp Corp. (NASDAQ:CAMP), Research in Motion (NASDAQ:RIMM), Google (NASDAQ:GOOG), Sprint (NYSE:S), Verizon (NYSE:VZ).

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(Source: Xignite Financials)