Why Zebra Technologies Stock Popped Today
Shares of Zebra Technologies (NASDAQ: ZBRA) surged on Tuesday after the data capture company reported its second-quarter results. Zebra posted higher-than-expected earnings, and it announced a new share repurchase authorization. The stock was up about 14.4% at 12:20 p.m. EDT.
Zebra reported second-quarter revenue of $1.1 billion, up 8.4% year over year and in line with the average analyst estimate. The enterprise visibility and mobility segment generated $727 million of revenue, up 10% year over year, while the asset intelligence and tracking segment produced $370 million of revenue, up 5.4% year over year.
Image source: Getty Images.
Quelle Fool.com
