- First-quarter 2017 – Motorola Solutions expects revenue growth of 3 to 5 percent compared with the first quarter of 2016. This includes approximately $115 million from Airwave versus $61 million in the year-ago quarter. The company expects non-GAAP earnings per share from continuing operations in the range of $0.52 to $0.57 per share.
- Full-year 2017 – The company expects revenue to be up 1 to 2 percent. Airwave revenue is expected to be flat compared with the prior year due to foreign exchange rates. The company expects non-GAAP earnings per share from continuing operations in the range of $5.05 to $5.20 per share.
CONFERENCE CALL AND WEBCAST
Motorola Solutions will host its quarterly conference call beginning at 4 p.m. U.S. Central Standard Time (5 p.m. U.S. Eastern Standard Time) Thursday, Feb. 2. The conference call will be webcast live with audio and slides at www.motorolasolutions.com/investor.
CONSOLIDATED GAAP RESULTS (presented in millions, except per share data)
A comparison of results from operations is as follows:
| Fourth Quarter | Full Year | |||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||
| Net sales | $1,883 | $1,682 | $6,038 | $5,695 | ||||||
| Gross margin | 928 | 838 | 2,869 | 2,719 | ||||||
| Operating earnings | 403 | 389 | 1,067 | 994 | ||||||
| Amounts attributable to Motorola Solutions, Inc. common stockholders | ||||||||||
| Earnings from continuing operations, net of tax | 243 | 277 | 560 | 640 | ||||||
| Net earnings | 243 | 279 | 560 | 610 | ||||||
| Diluted EPS from continuing operations | $1.43 | $1.56 | $3.24 | $3.17 | ||||||
| Weighted average diluted common shares outstanding | 170.4 | 177.5 | 173.1 | 201.8 | ||||||
