LINCOLNSHIRE, Ill. (AP) — LINCOLNSHIRE, Ill. (AP) — Zebra Technologies Corp. (ZBRA) on Tuesday reported first-quarter profit of $135 million.
On a per-share basis, the Lincolnshire, Illinois-based company said it had profit of $2.72. Earnings, adjusted for one-time gains and costs, came to $4.75 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.21 per share.
The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.5 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.47 billion.
For the current quarter ending in June, Zebra expects its per-share earnings to range from $4.20 to $4.50.
The company expects full-year earnings in the range of $18.30 to $18.70 per share.
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