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Zebra Technologies first-quarter results beat estimates
Apr 30, 2024 5:29 AM

April 30 (Reuters) - Barcode scanner maker Zebra

Technologies ( ZBRA ) beat first-quarter revenue and profit

estimates on Tuesday and forecast a smaller-than-expected

decline in second-quarter sales on the back of stabilizing

demand for its products.

The company, whose customers include the U.S. Postal Service

and pharmacy chain Walgreens Boots Alliance ( WBA ), said the

demand for its software and hardware solutions is improving.

Zebra Technologies ( ZBRA ) forecast second-quarter net sales to fall

between 1% and 5% from a year earlier, compared with estimates

of a decline of about 6%, according to LSEG data.

First-quarter operating expenses fell to $404 million from

$442 million, primarily due to the impact of restructuring

actions, the company said.

Zebra Technologies ( ZBRA ) reported quarterly revenue of $1.18

billion, beating estimates of $1.15 billion.

On an adjusted basis, the company earned $2.84 per share,

ahead of estimates of $2.45.

(Reporting by Priyanka G in Bengaluru)

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