Zebra Technologies reported second-quarter results that surpassed Wall Street expectations and raised its full-year earnings guidance, sending shares up 11.9%. Revenue rose 20.4% year on year to $1.56 billion, beating the consensus estimate of $1.50 billion, while adjusted earnings per share of $6.35 were 45.1% above analyst forecasts. The company generated an adjusted operating margin of 22.7%, up 3.4 percentage points from the same quarter last year, and provided third-quarter revenue guidance of $1.56 billion at the midpoint, exceeding expectations. Management also lifted its full-year adjusted EPS guidance to $21 at the midpoint, a 13.5% increase. CEO Bill Burns attributed the record results to broad-based demand and strong execution.
Zebra Technologies CorporationBeats Q2 estimates and raises full-year guidance, driving shares up 11.9%