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)