LINCOLNSHIRE, Ill. (AP) — LINCOLNSHIRE, Ill. (AP) — Zebra Technologies Corp. (ZBRA) on Tuesday reported first-quarter net income of $115 million.
The Lincolnshire, Illinois-based company said it had net income of $2.23 per share. Earnings, adjusted for one-time gains and costs, were $2.84 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.
The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.18 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.14 billion.
For the current quarter ending in June, Zebra expects its per-share earnings to range from $2.60 to $2.90.
The company expects full-year earnings in the range of $11.25 to $12.25 per share.
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