Benzinga | May 6, 2021 05:14PM EDT

Motorola Sees Q2 Adj. EPS $1.90-$1.95 vs $1.73 Est.; Raises FY21 Adj. EPS Guidance From $8.50-$8.62 To $8.70-$8.80 vs $8.62 Est.

BUSINESS OUTLOOK

* Second-quarter 2021 - Motorola Solutions expects revenue growth of 19% to 20% compared to the second quarter of 2020. The company expects non-GAAP earnings per share in the range of $1.90 to $1.95. This assumes current foreign exchange rates, approximately 173 million fully diluted shares, and an effective tax rate of 23% to 24%.

* Full-year 2021 - Motorola Solutions now expects revenue growth of 8% to 9%, up from the prior guidance of growth of 7.25% to 8%, and non-GAAP earnings per share in the range of $8.70 to $8.80, up from the prior guidance of $8.50 to $8.62. This assumes current foreign exchange rates, approximately 173 million fully diluted shares, and an effective tax rate of 22.5% to 23%.