Zebra Technologies CEO Addresses Q3 Challenges as Segment Sales Dip
Portfolio Pulse from Anusuya Lahiri
Zebra Technologies Corp reported a Q3 FY23 net sales decline of 30.6% YoY to $956 million, beating the consensus of $926.34 million. The company's adjusted EPS of $0.87 beat the consensus of $0.81. Net sales in the EVM segment fell 31.4% YoY to $632 million, and in the AIT segment decreased by 25.8% YoY to $324 million. The company expects Q4 net sales to decrease between 32% - 36% YoY. ZBRA shares traded higher by 0.53% at $210.89 on the last check Tuesday.
October 31, 2023 | 1:36 pm
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NEUTRAL IMPACT
Cisco Systems, a rival of Zebra Technologies, was mentioned in the context of Zebra's earnings report but no specific news or data about Cisco was provided.
Cisco Systems was mentioned as a rival of Zebra Technologies in the context of Zebra's earnings report. However, no specific news or data about Cisco was provided, so the impact on Cisco's stock is neutral.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 20
NEUTRAL IMPACT
Zebra Technologies reported a decline in Q3 FY23 net sales but beat the consensus. The company's adjusted EPS also beat the consensus. However, the company expects a decrease in Q4 net sales.
Zebra Technologies reported a decline in Q3 FY23 net sales but managed to beat the consensus, which is a positive sign. However, the company expects a decrease in Q4 net sales, which could potentially impact the stock negatively. The stock price increased slightly, indicating a mixed reaction from the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100