Reported 1 day ago
Motorola Solutions has forecasted a second-quarter profit below Wall Street expectations, citing declining demand for its safety services linked to potential price increases from U.S. tariffs. The company's stock fell 5% in after-hours trading as it anticipates higher material costs amid an uncertain economic landscape and cuts in tech budgets by businesses and government agencies. Motorola's expected adjusted profit per share is between $3.32 and $3.37, trailing behind analysts' estimates.
Source: YAHOO