Zebra Technologies Q1 Results Top Estimates; Sees Sales Growth In FY19

(RTTNews) - Zebra Technologies Corp. (ZBRA) reported Tuesday that its first-quarter net income increased 5.5 percent to $115 million from last year's $109 million. Earnings per share were $2.12, higher than $2.01 last year.

Adjusted net income was $160 million or $2.92 per share, compared to $138 million or $2.56 per share a year ago.

On average, nine analysts polled by Thomson Reuters expected earnings of $2.88 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales were $1.07 billion in the first quarter, a growth of 9.1 percent from $977 million in the prior year. Consolidated organic net sales growth for the first quarter was 7.9 percent

Analysts expected sales of $1.05 billion.

Looking ahead for the second quarter, the company expects net sales to increase approximately 7 percent to 9 percent.

Adjusted EBITDA margin is expected to be in the range of 20 percent to 21 percent and adjusted earnings per share are expected to be in the range of $2.80 to $2.95, while analysts estimate earnings of $2.87 per share.

For fiscal 2019, the company expects net sales to increase approximately 5 percent to 8 percent from 2018, and adjusted EBITDA margin to be in the range of 21 percent and 22 percent.