Why Zebra Technologies Stock Galloped Higher Today
Shares of Zebra Technologies (NASDAQ: ZBRA) galloped higher today, up by as much as 12% to all-time highs, after the company reported fourth-quarter results that beat analyst expectations. As of 11:25 a.m. EST on Thursday, the stock was up 9%.
Revenue in the fourth quarter increased 10% to $1.31 billion, topping the consensus estimate of $1.25 billion in sales. That resulted in adjusted net income of $240 million, or $4.46 per share. Wall Street analysts were looking for just $3.80 per share in adjusted profits. The technology company, which provides bar code scanners and handheld readers, reported adjusted EBITDA of $308 million.
Image source: Getty Images.
Source Fool.com
