Motorola Solutions Reports Decent 2Q; Reaffirms Full-Year Outlook; Shares Fairly Valued
Motorola Solutions reported a decent second quarter, posting revenue that fell in line with our expectations while non-GAAP EPS came in ahead of our $0.95 estimate, driven by the Airwave acquisition, continued cost savings, and reduced share counts. Deal flow and orders in North America were solid, supporting our expectations for Product revenue growth in the second half of fiscal 2016. Meanwhile, Services segment revenue reported a healthy 26% gain year over year, supported by 4% organic growth...Motorola Solutions is engaged in communications and analytics. The company manages its business through two segments: Products and Systems Integration, and Software and Services. Thr products and systems integration segment provides a range of devices, including land mobile radio handsets, infrastructure and accessories, as well as video security devices and infrastructure. The segment also includes the implementation and integration of such systems, devices and applications. The company also sells to commercial and industrial customers who use private radio networks and video security. The Software and Services segment provides a range of solutions for government, public safety and commercial customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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