31.10.2023 13:12:54 - dpa-AFX: ROUNDUP: Zebra Technologies Issues Q4 Outlook; Stock Up In Premarket

WASHINGTON (dpa-AFX) - Zebra Technologies Corp. (ZBRA), while reporting a
loss in its third quarter with weak net sales, on Tuesday issued forecast for
its fourth quarter.

In pre-market activity on Nasdaq, Zebra shares were gaining around 5 percent to
trade at $220.

For the quarter, the company projects adjusted earnings per share to be in the
range of $1.40 to $1.80.

On average, 10 analysts polled by Thomson Reuters expect earnings of $1.69 per
share for the quarter. Analysts' estimates typically exclude special items.

The company expects fourth-quarter net sales to decrease between 32 percent and
36 percent compared to the prior year.

Adjusted EBITDA margin for the quarter is expected to be approximately 16
percent.

In its third quarter, net loss was $15 million or $0.28 per share, compared to
net income of $170 million or $3.26 per share in the prior year. Adjusted net
income was $45 million or $0.87 per share, compared to $215 million or $4.12 per
share for the prior year. Analysts projected $0.81 per share.

Net sales were $956 million in the third quarter, compared to $1.38 billion in
the prior year.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com.



Copyright(c) 2023 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ZEBRA TECH. A DL-,01 882578 Frankfurt 298,800 24.05.24 08:03:09 -4,400 -1,45% 298,700 300,900 298,800 303,200

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH