LINCOLNSHIRE, Ill. (AP) — LINCOLNSHIRE, Ill. (AP) — Zebra Technologies Corp. (ZBRA) on Tuesday reported second-quarter profit of $144 million.
The Lincolnshire, Illinois-based company said it had net income of $2.78 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $3.29 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.31 per share.
The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.21 billion in the period.
For the current quarter ending in September, Zebra expects its per-share earnings to range from 60 cents to $1.
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