By Yasin Ebrahim
Investing.com -- Motorola (NYSE:MSI) reported on Thursday first quarter results that beat analysts' forecasts, led by growth in North America.
Motorola shares was up 0.75% in after-hours trade following the report.
Motorola announced earnings per share of $1.7 on revenue of $1.89B. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $1.83B.
The products and systems integration business grew 9% driven by growth in land mobile radio and video security.
The software and services segment grew 4%, driven by growth in video security and command center software.
Gross margin fell to 45.3% from 48.5%, pressured by "higher direct material costs for semiconductors ... and higher operating expenses for acquisitions," the company said.
Looking ahead, the company forecast second-quarter revenue to grow 4% to 5% compared the same period a year ago. EPS is expected to be in a range of $1.83 to $1.88, compared with Wall Street estimates of $2.10 per share.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to a forecast for EPS of $2.19 on revenue of $49.02B.
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