Specialty business printers maker Zebra Technologies Corp. posted second-quarter results above Wall Street view, driven by stronger-than-expected growth across all regions, and forecast third quarter largely above estimates. For the third quarter, the company expects to earn 36 cents to 43 cents per share, on revenue of $230 million to $244 million.
Analysts are looking for earnings of 37 cents per share, on revenue of $232.8 million at the Lincolnshire-based company, according to Thomson Reuters I/B/E/S.
Net income for the second quarter more than doubled to $22.7 million, or 39 cents per share, from $9 million, or 15 cents per share, a year ago.
Analysts projected earnings of 35 cents per share.
Net sales rose 26 percent to $235.7 million, beating analysts’ forecast of $226.0 million.
Sales benefited from improved business conditions in all geographic regions, with Latin America and Asia Pacific showing the highest growth, the company said in a statement.
Shares of the company closed at $28.09 Wednesday on Nasdaq.
