Zebra Technologies' Q1 earnings exceeded expectations, leading to a 5% stock rise; Q2 net sales forecast is 1-5% decline.
Zebra Technologies (NASDAQ: ZBRA) reported Q1 earnings that beat analysts' expectations, with EPS of $2.84 and revenue of $1.18 billion. The company's stock rose 5% due to stabilizing demand for its products, and it guided a smaller-than-expected decline in Q2 sales. Q2 net sales are forecast to fall between 1%-5% year-over-year, while Q1 operating expenses dropped to $404M from $442M.
April 30, 2024
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