07:18 AM EDT, 07/30/2024 (MT Newswires) -- Zebra Technologies ( ZBRA ) reported fiscal Q2 non-GAAP earnings Tuesday of $3.18 per diluted share, down from $3.29 a year earlier.

Analysts polled by Capital IQ expected $2.81.

Net sales for the quarter ended June 29 were $1.22 billion, up from $1.21 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.18 billion.

For fiscal Q3, the company said it expects non-GAAP earnings of $3 to $3.30 per diluted share.

Analysts polled by Capital IQ expect $3.05.

Net sales for the fiscal quarter are expected to rise between 25% and 28% year over year.

The company said it now expects 2024 non-GAAP earnings of $12.30 to $12.90 per diluted share, up from its earlier forecast of between $11.25 and $12.25 per diluted share.

Analysts surveyed by Capital IQ expect $12.07.

Net sales for fiscal 2024 are now expected to grow between 4% and 7%, up from Zebra Technologies' ( ZBRA ) prior growth guidance range of 1% to 5%.

Shares of the company were up nearly 3% in recent premarket activity.

Price: 345.00, Change: +9.91, Percent Change: +2.96