Zebra Technologies Now Expects FY24 Net Sales Growth of 4%-7% (Prior 1%-5%) Vs $4.776B Est, Adj EPS of $12.30-$12.90 (Prior $11.25-$12.25) Vs $11.99 Est
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies has raised its guidance for FY24, now expecting net sales growth of 4%-7% and adjusted EPS of $12.30-$12.90. The company also anticipates a favorable impact from foreign currency translation and expects free cash flow to be at least $700 million.
July 30, 2024 | 10:23 am
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Zebra Technologies has raised its FY24 guidance, now expecting net sales growth of 4%-7% and adjusted EPS of $12.30-$12.90. The company also anticipates a favorable impact from foreign currency translation and expects free cash flow to be at least $700 million.
The raised guidance for net sales growth and adjusted EPS indicates a stronger financial performance than previously expected. This positive revision is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100