Why Zebra Technologies Stock Just Sank 7%
Zebra Technologies (NASDAQ: ZBRA) investors are having a very bad day.
Early this morning, Zebra reported its fiscal fourth-quarter 2019 earnings -- and it whiffed on both sales and profits estimates. Analysts had predicted Zebra would earn adjusted profits of $3.65 per share, but Zebra transposed the numbers, earning just $3.56 instead. Sales, at $1.19 billion, also came in light of analysts' expected $1.2 billion.
Zebra shares are down 6.6%as of 11 a.m. EST in response, after being down more than 10% in trading earlier in the day.
Source Fool.com
