Zebra Technologies Q1 Profit Rises; Sees Q2 In Line With View - Quick Facts

(RTTNews) - Zebra Technologies Corp. (ZBRA) reported that its net income for the first quarter of 2014 was $41.61 million, an increase of 76.7% from $23.54 million in the first quarter of 2013. Earnings per share was $0.82, up 78.3% from $0.46 per share last year.

Earnings per share for the first quarter of 2014 include the impact of $0.09 per share of approximately $4.93 million in acquisition expenses. Financial results for the first quarter of 2013 included exit, acquisition and restructuring costs of $0.04 per share.

Net sales for the first quarter increased 21.7% to $288.27 million from $236.94 million in the first quarter a year ago.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.90 per share and revenues of $287.50 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter of 2014, Net sales are expected within a range of $280 million to $290 million, which primarily reflects the company's typical seasonality in sales. Earnings per share are expected within a range of $0.74 to $0.84. Analysts expect the company to report earnings of $0.81 per share and revenues of $283.80 million for the second-quarter.