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Zebra Tech reports revenue miss, in-line outlook

Oct. 29, 2019 8:04 AM ETZebra Technologies Corporation (ZBRA) StockBy: Brandy Betz, SA News Editor
  • Zebra Tech (NASDAQ:ZBRA) -0.4% reports mixed Q3 results that beat on EPS but missed on revenue with a 4% Y/Y growth.
  • Q3 EBITDA was $257M compared to the $252M consensus.
  • Adjusted gross margin was 47.7% versus the 47.2% estimate.
  • The in-line Q4 guidance has $1.18-1.21B in revenue (consensus: $1.2B) and EPS of $3.55.3.75 (consensus: $3.58).
  • ZBRA has begun diversifying the sourcing of most of its U.S. volumes out of China, which is expected to create up to $30M in one-time charges through mid-2020 plus $10-15M of capex.
  • Earnings call starts at 8:30 AM ET with a webcast here.
  • Press release.

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