ZBRA - Why Zebra Technologies Stock Flopped This Week
2023-05-05 17:44:00 ET
Zebra Technologies (NASDAQ: ZBRA) was hardly the most impressive animal on the stock exchange this week. According to data compiled by S&P Global Market Intelligence , the company's share price slid by nearly 5% during the period. The finger of blame can be pointed squarely at its first-quarter earnings report.
Zebra edged past analyst estimates on both the top and bottom lines in said quarter, the figures for which it published on Tuesday. That wasn't the problem, however.
As investors typically look forward with stocks instead of gazing into the past, they were concerned more with the retail tech company's guidance.
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Why Zebra Technologies Stock Flopped This Week