Zebra Technologies Q3 Net Profit Slumps - Quick Facts

(RTTNews) - Zebra Technologies Corp.'s (ZBRA) third-quarter 2014 GAAP net income fell to $14.95 million, or $0.29 per share, from last year's $38.6 million, or $0.76 per share.

Earnings per share of $0.29 for the recent quarter include $35.33 million of acquisition expenses related to the acquisition of the Enterprise business of Motorola Solutions, which was completed on October 27, 2014. Prior year's earnings per share were $0.76 and included $268,000 of acquisition expenses, according to the company.

For the latest quarter, non-GAAP net income came in at $48.04 million, or $0.93 per share.

The company reported 15.1% growth in net sales to $303.27 million for the third quarter of 2014, compared with $263.52 million a year ago.

On average, 6 analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share and revenues of $291.86 million for the quarter. Analysts' estimates typically exclude special items.