Movement Alert｜Zebra Falls 12.22% in Pre-Market Trading, Shares Weaken After Third-Quarter Results

Market Focus11-03 20:39

On November 3, Zebra fell 12.22% in Pre-Market Trading to $322.475, with turnover of $706,200.

The move followed the company’s third-quarter earnings release, after which the stock came under clear pressure despite reporting results above consensus.

Zebra posted fiscal third-quarter non-GAAP EPS of $4.95, up from $3.88 a year earlier and slightly above market expectations near $4.89 to $4.90. Revenue rose to about $1.61 billion from $1.32 billion a year earlier, also ahead of expectations of roughly $1.57 billion to $1.563 billion. For fiscal fourth quarter, the company guided to non-GAAP EPS of $5.00 to $5.40 and sales growth of 10% to 14% year over year, versus market expectations around EPS of $5.18 and revenue of $1.60 billion. Zebra also said full-year capital expenditure is expected at $75 million to $80 million.

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