Wednesday, Zebra Technologies Corp. (ZBRA) said its third-quarter net income decreased to $11.11 million or $0.19 per share from $25.77 million or $0.40 per share in the prior year period. On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the quarter.
Net sales for the quarter declined to $200.77 million from $244.07 million in the comparable period. Six analysts estimated revenues of $192.60 million for the quarter.
Fourth-quarter earnings per share are expected to be in a range of $0.18 - $0.25, including expected exit and restructuring costs of $0.03 per share. Net sales for the quarter are projected to be in a range of $200.00 million - $212.00 million. Nine analysts estimate earnings of $0.28 per share and six analysts estimate revenues of $204.91 million for the quarter.
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