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Zebra: 3Q Earnings Snapshot

LINCOLNSHIRE, Ill. (AP) _ Zebra Technologies Corp. (ZBRA) on Tuesday reported third-quarter net income of $127 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Lincolnshire, Illinois-based company said it had net income of $2.34. Earnings, adjusted for one-time gains and costs, were $2.88 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.60 per share.

The producer of printers for bar codes, plastic cards and, radio-frequency identification tags posted revenue of $1.09 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.06 billion.

For the current quarter ending in December, Zebra expects its per-share earnings to range from $2.80 to $3.

Zebra shares have climbed 62 percent since the beginning of the year. The stock has climbed 47 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZBRA at https://www.zacks.com/ap/ZBRA