Zebra Technologies gains after topping Q4 estimates

Zebra Technologies

15/02/2024 13:55

** Shares of barcode scanner maker Zebra Technologies
 ZBRA.O  rise 7.5% to $272 premarket
    ** Zebra reports Q4 net sales of $1.01 bln, beating
analysts' average estimate of $999.4 mln - LSEG data
    ** Posts adj. EPS of $1.71 vs. estimate of $1.66
    ** Co expects Q1 net sales to decline between 17% and 20%
from a year earlier; analysts were expecting fall of about 24%
    ** Says demand for the co's products are stabilizing after
customers clear existing inventory 
    ** Zebra stock down 7.5% YTD; It had gained 6.6% in 2023

 (Reporting by Priyanka.G)
 ((Priyanka.g@thomsonreuters.com))