Why Zebra Technologies Stock Just Sank 7%

Zebra Technologies (NASDAQ: ZBRA) investors are having a very bad day.

Early this morning, Zebra reported its fiscal fourth-quarter 2019 earnings -- and it whiffed on both sales and profits estimates. Analysts had predicted Zebra would earn adjusted profits of $3.65 per share, but Zebra transposed the numbers, earning just $3.56 instead. Sales, at $1.19 billion, also came in light of analysts' expected $1.2 billion.  

Zebra shares are down 6.6%as of 11 a.m. EST in response, after being down more than 10% in trading earlier in the day.

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Source Fool.com