09:40 AM EDT, 04/30/2024 (MT Newswires) -- Zebra Technologies ( ZBRA ) reported fiscal Q1 non-GAAP earnings Tuesday of $2.84 per diluted share, down from $3.94 a year earlier.

Analysts polled by Capital IQ expected $2.43.

Net sales for the quarter ended March 30 were $1.18 billion, down from $1.41 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.14 billion.

The company said it expects fiscal Q2 non-GAAP EPS of $2.60 to $2.90. Analysts surveyed by Capital IQ expect $2.57. Zebra said it expects net sales for the quarter to decline between 1% and 5%.

Zebra said it expects fiscal 2024 non-GAAP EPS of $11.25 to $12.25. Analysts surveyed by Capital IQ expect $11.22. Net sales growth for the current fiscal year is now expected to be between 1% and 5%. The company previously projected net sales to range from a decline of 1% to growth of 3%.

Zebra Technologies ( ZBRA ) stock was more than 5% higher in recent Tuesday trading.

Price: 316.95, Change: +16.94, Percent Change: +5.65