Zebra: 2Q Earnings Snapshot

August 7, 2018

LINCOLNSHIRE, Ill. (AP) _ Zebra Technologies Corp. (ZBRA) on Tuesday reported second-quarter net income of $70 million.

The Lincolnshire, Illinois-based company said it had profit of $1.29 per share. Earnings, adjusted for amortization costs and stock option expense, were $2.48 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.01 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $990.1 million.

For the current quarter ending in October, Zebra expects its per-share earnings to range from $2.50 to $2.70.

Zebra shares have climbed 37 percent since the beginning of the year. The stock has increased 48 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZBRA at https://www.zacks.com/ap/ZBRA

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