Zebra Technologies climbs on Q1 results beat, upbeat forecast

Zebra Technologies

30/04/2024 14:14

** Shares of barcode scanner maker Zebra Technologies
 ZBRA.O  jump 5.2% to $315.5 in premarket trade
    ** Stock poised to hit over nine-month high, if gains hold
    ** Posts Q1 rev of $1.18 bln, slightly above est. of $1.15
bln; EPS of $2.84 vs est. of $2.45 - LSEG data
    ** Expects FY EPS of $11.25-$12.25, above est. of $11.13
    ** Out of 15 brokerages tracking stock, eight rate "buy" or
higher, five "hold" and two "sell"; median PT $306
    ** As of last close, ZBRA shares up ~10% YTD vs 6.5% gain in
the tech-heavy Nasdaq index  .IXIC   
    

 (Reporting by Ankika Biswas in Bengaluru)
 ((Ankika.Biswas@thomsonreuters.com))