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Zebra Tech Q2: Mobile Computing Company Beats Estimates, EVM Segment Shines, 'Sequential Improvement In Profitability'
Zebra Technologies Corp (NASDAQ:ZBRA) reported a fiscal second-quarter 2024 net sales growth of 0.2% year-on-year to $1.22 billion, beating the analyst consensus estimate of $1.19 billion.
The mobile computing company’s adjusted EPS of $3.18 beat the analyst consensus estimate of $3.06. The stock price gained after the print.
Consolidated organic net sales for the quarter decreased by 0.3% Y/Y.
Net sales in the Enterprise Visibility & Mobility (EVM) segment grew 8.6% Y/Y to $820 million. The net sales of the Asset Intelligence and Tracking (AIT) segment decreased by 13.5% Y/Y to $397 million.
The adjusted gross ...