Zebra Tech Q2: Mobile Computing Company Beats Estimates, EVM Segment Shines, 'Sequential Improvement In Profitability'
Portfolio Pulse from Anusuya Lahiri
Zebra Technologies Corp (NASDAQ:ZBRA) reported better-than-expected Q2 2024 results, with net sales of $1.22 billion and adjusted EPS of $3.18, both beating analyst estimates. The EVM segment showed strong growth, while the AIT segment saw a decline. The company improved its gross margin but faced higher operating expenses. Zebra expects significant sales growth in Q3 and fiscal 2024, raising its guidance.
July 30, 2024 | 4:10 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Zebra Technologies reported Q2 2024 results that beat analyst estimates, with net sales of $1.22 billion and adjusted EPS of $3.18. The EVM segment grew significantly, while the AIT segment declined. The company improved its gross margin but faced higher operating expenses. Zebra raised its guidance for Q3 and fiscal 2024, expecting strong sales growth.
Zebra Technologies' better-than-expected Q2 results and raised guidance for Q3 and fiscal 2024 are likely to positively impact the stock price in the short term. The strong performance of the EVM segment and improved gross margin are key highlights.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100