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.