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ZBRA - Why Zebra Technologies Stock Was Tumbling Today
Zebra Technologies Corporation
2023-08-01 12:53:30 ET
Shares of Zebra Technologies (NASDAQ: ZBRA) , the company best known for making bar codes, RFID tags, scanners, and printers, was falling today after it posted disappointing results in its second-quarter earnings report.
As of 11:32 a.m. ET, the stock was down 18.6%.
Revenue in the quarter was down 17.3% to $1.21 billion, well below the analyst consensus at $1.31 billion, as the company continued to struggle with softening demand and cautious consumer spending in the retail and logistics end markets.