Zebra Technologies Guides Q3 Below Estimates; Q2 Results Top Estimates

RTTNews | 1191 dagar sedan
Zebra Technologies Guides Q3 Below Estimates; Q2 Results Top Estimates

(RTTNews) - While reporting financial results for the second quarter on Tuesday, Zebra Technologies Corp. (ZBRA) provided its adjusted earnings and adjusted net sales growth guidance for the third quarter as well as raised its adjusted net sales growth outlook for the full year 2022.

For the third quarter, the company expects adjusted earnings in a range of $4.35 to $4.65 per share on adjusted net sales growth of 2 to 4 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.08 per share on net sales growth of 5.1 percent to $1.51 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2022, the company now projects adjusted net sales growth of 4 to 6 percent, compared to the prior growth forecast of 3 to 7 percent. The Street is looking for sales growth of 5.50 percent to $5.94 billion for the year.

For the second quarter, the company reported a net loss of $98 million or $1.87 per share, compared to net income of $219 million or $4.07 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter were $4.61 per share, compared to $4.57 per share in the year-ago quarter.

Net sales for the quarter grew 6.6 percent to $1.47 billion from $1.38 billion in the same quarter last year. Adjusted net sales growth was 6.4 percent and consolidated organic net sales increased 6.9 percent.

Analysts expected earnings of $4.21 per share on net sales of $1.44 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
U.S. Service Sector Activity Returns To Expansion In October

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
RTTNews | 1h 15minuter sedan
U.S. Private Sector Employment Rebounds More Than Expected In October

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.
RTTNews | 1h 58minuter sedan
Wall Street May Open With Slightly Negative Bias

Wall Street May Open With Slightly Negative Bias

Slightly lower S&P and Nasdaq futures amid valuation concerns indicate a flat to negative start for stocks on Wall Street Wednesday morning. Data on manufacturing and services sector activity in the U.S. in the month of October may provide some direction to the mark
RTTNews | 3h 43minuter sedan
FTSE 100 Recovers After Weak Start, Up Marginally At Noon

FTSE 100 Recovers After Weak Start, Up Marginally At Noon

The U.K. stock market's benchmark index FTSE 100 was up marginally around noon on Wednesday with investors largely choosing to stay away from riskier assets due to concerns about valuations amid lingering uncertainty about global economic growth.
RTTNews | 4h 25minuter sedan
Eurozone Private Sector Expands Most Since Early 2023

Eurozone Private Sector Expands Most Since Early 2023

The euro area private sector posted its strongest expansion since May 2023, supported by improved demand conditions, final survey data from S&P Global showed on Wednesday. The HCOB final composite output index improved to 52.5 in October from 51.2 in September. This was the highest score since May 2023, indicating a breakout from the generally subdued growth trend seen throughout 2025 so far.
RTTNews | 4h 36minuter sedan