Zebra Technologies Stock Plunges After Q2 Performance: Earnings Miss, Guidance Cut and More
Portfolio Pulse from Anusuya Lahiri
Zebra Technologies Corp (ZBRA) reported a Q2 FY23 net sales decline of 17.3% YoY to $1.21 billion, missing the consensus of $1.31 billion. The company also cut its guidance, expecting Q3 net sales to decrease between 30% - 35% YoY, well below the consensus of $1.32 billion. ZBRA shares traded lower by 18.60% at $250.73.
August 04, 2023 | 9:29 am
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Zebra Technologies reported a significant decline in Q2 FY23 net sales and cut its guidance for Q3, leading to a drop in its stock price.
Zebra Technologies reported lower than expected Q2 FY23 net sales and cut its guidance for Q3, which is a negative signal for investors and can lead to a decrease in the stock price.
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