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Zebra Technologies Posts Better than Expected Earnings

Zebra Technologies Corporation (NASDAQ: ZBRA) reported second quarter adjusted EPS of $0.84 versus the estimated $0.82. EPS were up 40% year over year. Revenue came in at $288.40M versus the estimated $285.56M. Sales were Up 14% from the same quarter last year.

From the press release:

“Zebra continued to extend its industry leadership, with effective execution on a proven business strategy,” stated Anders Gustafsson, Zebra’s chief executive officer. “Our singular focus of delivering products and solutions that deliver increasing levels of visibility into the operations of our customers is driving more business and greater opportunities for growth. During the second quarter, we made good progress on integration planning for the pending acquisition of Motorola’s Enterprise business. We remain enthusiastic about the compelling strategy supporting the transaction. The combination of the businesses will make Zebra the industry leader in Asset Enterprise Intelligence, and position the company to increasingly benefit from important trends in mobility, cloud computing and data analytics.”

The stock is up 55 percent year to date.

Disclosure: At the time of this writing the author had no position in the company mentioned.

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