Stocks

Zebra Technologies Q1 Tops Projections on EPS and Revenue

Zebra Technologies (ZBRA), a manufacturer of mobile computers and barcode technology, rose more than 3% in pre-market trading as the company posted Q1 adjusted earnings $2.56 of per share, up from $1.37 in the same period a year ago and topping the estimate of $2.05 from analysts polled by CapIQ.

Total revenue of $977 million was up from $865 million in the same period a year ago and exceeded the Street projection of $935.9 million.

Zebra said it expected Q2 sales to increase 9% to 12% from $896 million. The guidance implies a range of $976.6 million to $1 billion, topping the Street projection of $954 million. Q2 adjusted EPS is expected in the range of $2.10 to $2.30, straddling the Street estimate of $2.11.

The company said full-year 2018 sales would increase by 6% to 9% from $3.72 billion, up from a prior range of 4% to 7%. The new guidance implies a range of $3.94 billion to $4.05 billion, in line with to exceeding the Street projection of $3.94 billion.