LINCOLNSHIRE, Ill. (AP) — LINCOLNSHIRE, Ill. (AP) — Zebra Technologies Corp. (ZBRA) on Thursday reported fourth-quarter net income of $70 million.
The Lincolnshire, Illinois-based company said it had profit of $1.39 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $4.33 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.34 per share.
The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.48 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $1.46 billion.
For the year, the company reported profit of $419 million, or $8.18 per share. Revenue was reported as $5.4 billion.
For the current quarter ending in March, Zebra expects its per-share earnings to range from $4.05 to $4.35.
The company expects full-year earnings in the range of $17.70 to $18.30 per share.
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