Zebra Applied sciences (ZBRA), a maker of enterprise programs for monitoring stock and different vital property, on Tuesday beat Wall Avenue’s targets for the third quarter. ZBRA inventory superior in early buying and selling.
The Lincolnshire, Unwell.-based firm earned an adjusted $4.55 a share on gross sales of $1.44 billion within the September quarter. Analysts had anticipated Zebra earnings of $4.06 a share on gross sales of $1.4 billion, based on FactSet. Within the year-earlier interval, Zebra earned $3.27 a share on gross sales of $1.13 billion.
In pre-market buying and selling on the inventory market at present, ZBRA inventory rose a fraction, close to 543.20. Throughout the common session Monday, ZBRA inventory rose 1.6% to shut at 542.59.
For the previous 9 weeks, ZBRA inventory has been consolidating with a purchase level of 594.87, based on IBD MarketSmith charts. That purchase level is 10 cents above the inventory’s all-time excessive of 594.77, reached on Sept. 3, based mostly on IBD buying and selling pointers.
Earnings report particulars to comply with.
Comply with Patrick Seitz on Twitter at @IBD_PSeitz for extra tales on shopper expertise, software program and semiconductor shares.
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