AP NEWS
Click to copy
Click to copy

Zebra: 2Q Earnings Snapshot

July 30, 2019

LINCOLNSHIRE, Ill. (AP) _ Zebra Technologies Corp. (ZBRA) on Tuesday reported second-quarter profit of $124 million.

The Lincolnshire, Illinois-based company said it had profit of $2.26 per share. Earnings, adjusted for one-time gains and costs, came to $3.02 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.90 per share.

The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.1 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.09 billion.

For the current quarter ending in October, Zebra expects its per-share earnings to range from $3.15 to $3.35.

Zebra shares have climbed 19% since the beginning of the year. The stock has climbed 35% 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

All contents © copyright 2019 The Associated Press. All rights reserved.