Zebra Technologies lifts outlook as Q1 tops estimates
(Il Sole 24 Ore Radiocor) - Milano, 12 mag - Zebra Technologies lifted its full-year guidance after sales and earnings in the first quarter beat expectations.
The Illinois-based company, which makes barcode scanners, printers and mobile-computing solutions, said earnings in the first quarter were 135 million dollars, or 2.72 dollars per share, compared to 136 million, or 2.62 per share, in the same period last year.
On an adjusted basis, earnings in the period were 4.75 dollars per share from 4.02. Analysts expected 4.25 dollars per share.
Net sales in the three months ended were 1.495 billion dollars from 1.308 billion. Analysts expected 1.48 billion dollars.
For the full year, the company now expects adjusted earnings of 18.30-18.70 dollars per share compared to a previous forecast of 17.70-18.30.
Sales are expected to grow 10-14% from the previous year compared to previous guidance of sales growth of 9-13%.
Analysts were projecting full-year adjusted earnings of 17.82.
per share and sales of 5.99 billion.
(RADIOCOR) 12-05-26 19:16:59 (0707) 5 NNNN