LINCOLNSHIRE, Ill. (AP) — LINCOLNSHIRE, Ill. (AP) — Zebra Technologies Corp. (ZBRA) on Tuesday reported first-quarter net income of $150 million.
On a per-share basis, the Lincolnshire, Illinois-based company said it had net income of $2.90. Earnings, adjusted for non-recurring costs and stock option expense, were $3.94 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.92 per share.
The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.41 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.39 billion.
For the current quarter ending in June, Zebra expects its per-share earnings to range from $3.20 to $3.40.
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