ZBRA - Zebra Technologies Stock Gains After Q1 Print Touts Net Sales Growth Of Over 16% | Benzinga
Zebra Technologies Corp (NASDAQ:ZBRA) reported a fiscal first-quarter 2024 net sales growth of 16.4% year-on-year to $1.18 billion, beating the consensus of $1.15 billion.
The adjusted EPS of $2.84 beat the consensus of $2.45. The stock price moved higher after the results.
Consolidated organic net sales for the quarter decreased by 16.8% Y/Y.
Net sales in the Enterprise Visibility & Mobility (EVM) segment fell 11.3% Y/Y to $783 million. The net sales of the Asset Intelligence and Tracking (AIT) segment decreased by 24.9% Y/Y to $392 million.
The adjusted gross margin improved by 60 bps to 48.1%. This was primarily due to lower premium supply chain costs and improved software and ...