Motorola Solutions (NYSE: MSI) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q2), Motorola Solutions met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.

Gross margins contracted, operating margins dropped, net margins expanded.

Revenue details
Motorola Solutions reported revenue of $2.11 billion. The 12 analysts polled by S&P Capital IQ predicted a top line of $2.13 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.12. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.04 per share. Non-GAAP EPS of $1.12 for Q2 were 60% higher than the prior-year quarter's $0.70 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.) GAAP EPS of $0.94 for Q2 were 52% higher than the prior-year quarter's $0.62 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 48.8%, 70 basis points worse than the prior-year quarter. Operating margin was 12.6%, 100 basis points worse than the prior-year quarter. Net margin was 12.2%, 370 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.26 billion. On the bottom line, the average EPS estimate is $1.24.

Next year's average estimate for revenue is $8.92 billion. The average EPS estimate is $4.39.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,942 members out of 2,378 rating the stock outperform, and 436 members rating it underperform. Among 430 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 356 give Motorola Solutions a green thumbs-up, and 74 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Motorola Solutions is hold, with an average price target of $58.50.

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