Zebra Technologies first-quarter results beat estimates

Zebra Technologies

30/04/2024 13:06

April 30 (Reuters) - Barcode scanner maker Zebra
Technologies  ZBRA.O  beat first-quarter revenue and profit
estimates on Tuesday and forecast a smaller-than-expected
decline in second-quarter sales on the back of stabilizing
demand for its products.
    The company, whose customers include the U.S. Postal Service
and pharmacy chain Walgreens Boots Alliance  WBA.O , said the
demand for its software and hardware solutions is improving.
    Zebra Technologies forecast second-quarter net sales to fall
between 1% and 5% from a year earlier, compared with estimates
of a decline of about 6%, according to LSEG data.
    First-quarter operating expenses fell to $404 million from
$442 million, primarily due to the impact of restructuring
actions, the company said.
    Zebra Technologies reported quarterly revenue of $1.18
billion, beating estimates of $1.15 billion.
    On an adjusted basis, the company earned $2.84 per share,
ahead of estimates of $2.45.

 (Reporting by Priyanka G in Bengaluru)
 ((Priyanka.G@thomsonreuters.com))