Why Zebra Technologies Stock Galloped Higher Today

Shares of Zebra Technologies (NASDAQ: ZBRA) have galloped higher today, up by 7% as of noon EST, after the company reported third-quarter earnings. The results topped expectations and Zebra issued strong guidance for the fourth quarter.

Revenue in the third quarter came in at $1.13 billion, ahead of the $1.07 billion in sales that analysts were modeling for. The enterprise technology company reported adjusted net income of $175 million, or $3.27 per share, which easily topped the consensus estimate of $2.81 per share in adjusted profits. Zebra generated adjusted EBITDA of $230 million during the quarter.

Image source: Getty Images.

Continue reading

Source Fool.com