Zebra: 3Q Earnings Snapshot
LINCOLNSHIRE, Ill. (AP) _ Zebra Technologies Corp. (ZBRA) on Tuesday reported third-quarter net income of $127 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Lincolnshire, Illinois-based company said it had net income of $2.34. Earnings, adjusted for one-time gains and costs, were $2.88 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.60 per share.
The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.09 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.06 billion.
For the current quarter ending in December, Zebra expects its per-share earnings to range from $2.80 to $3.
Zebra shares have climbed 62 percent since the beginning of the year. The stock has climbed 47 percent in the last 12 months.