Zebra: Q1 Earnings Snapshot
LINCOLNSHIRE, Ill. (AP) _ Zebra Technologies Corp. (ZBRA) on Tuesday reported first-quarter profit of $228 million.
On a per-share basis, the Lincolnshire, Illinois-based company said it had net income of $4.22. Earnings, adjusted for one-time gains and costs, came to $4.79 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.41 per share.
The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.35 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.33 billion.
For the current quarter ending in July, Zebra expects its per-share earnings to range from $4 to $4.20.
Zebra shares have climbed 25% since the beginning of the year. The stock has more than doubled in the last 12 months.