Why Is Zebra Technologies Stock Shooting Higher Thursday?
Portfolio Pulse from Anusuya Lahiri
Zebra Technologies Corp (NASDAQ:ZBRA) reported Q4 FY23 net sales of $1.01 billion, surpassing consensus estimates despite a 32.9% Y/Y decline. Adjusted EPS of $1.71 also beat expectations. The company anticipates Q1 net sales to decrease by 17-20% Y/Y but expects an adjusted EPS above consensus. FY24 net sales are projected to change by (-1)% to 3% Y/Y. Shares surged 13.10% to $286.01.
February 15, 2024 | 6:37 pm
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Zebra Technologies reported higher than expected Q4 FY23 results, with a notable stock price increase following the announcement.
Zebra Technologies' Q4 earnings beat and optimistic sales outlook for Q1 and FY24 likely contributed to the stock's significant price increase. The company's performance and future guidance indicate resilience and potential for growth, positively impacting investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100