Zebra Technologies Q1 2024 Adj EPS $2.84 Beats $2.45 Estimate, Sales $1.175B Beat $1.147B Estimate
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies (ZBRA) reported Q1 2024 earnings of $2.84 per share, surpassing the $2.45 estimate, with sales of $1.175B also beating the $1.147B estimate. However, this represents a 16.37% decrease in sales compared to the same period last year.
April 30, 2024 | 10:31 am
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Zebra Technologies reported higher-than-expected Q1 2024 earnings and sales, but experienced a significant year-over-year sales decline.
The positive earnings and sales beat are likely to have a short-term positive impact on ZBRA's stock price, as beating analyst estimates can lead to increased investor confidence. However, the significant year-over-year decline in sales may temper some of the positive sentiment, indicating potential challenges in the company's growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100