Motorola Solutions, Inc. (NYSE: MSI):
- Sales of $2.1 billion, down 2 percent from a year ago
- GAAP earnings per share (EPS)* of $1.16, up 61 percent from a year ago
- Non-GAAP** EPS of $1.32, up 57 percent from a year ago
- Returned $494 million to shareholders through share repurchase, dividends
|Total sales ($M)||$2,112||$2,153||-2%|
|GAAP operating earnings ($M)||$320||$324||-1%|
|Non-GAAP operating earnings ($M)||$397||$387||3%|
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Motorola Solutions, Inc. (NYSE: MSI) announced today third-quarter 2013 sales of $2.1 billion, down 2 percent from the third quarter of 2012. Government sales were down 4 percent, while Enterprise sales grew 2 percent.
“In the third quarter, we expanded operating margins, reduced costs and delivered double-digit EPS growth,” said Greg Brown, chairman and CEO, Motorola Solutions. “In addition, we are on track to achieve 18 percent operating margin for the full year.”