UPDATE 1-Zebra Technologies Q1 results beat Wall Street view
* Q1 EPS $0.42
* Q1 rev $226.4 mln vs est $223 mln
* Upper end of Q2 profit view tops Street estimates
May 4 (Reuters) - Specialty business printers maker Zebra Technologies Corp (ZBRA.O) posted first-quarter results that exceeded analysts' expectations on strong demand for its products.
For the quarter, the company earned $24.7 million, or 42 cents a share, compared with $9.4 million, or 16 cents per share, in the year-ago period.
First-quarter earnings included $1.8 million in exit and restructuring costs, which reduced earnings per share by 2 cents.
Revenue rose nearly 18 percent to $226.4 million.
Analysts on average were expecting the company to earn 31 cents a share, on revenue of $223 million, according to Thomson Reuters I/B/E/S.
Zebra Technologies expects second-quarter earnings of 26 cents to 34 cents a share, including expected exit and restructuring costs of 1 cent per share.
The upper-end of the company's outlook range was higher than the average analysts' estimates of 33 cents a share.
It also forecast revenue of $219 million to $233 million, mostly above Wall Street view of $221.9 million.
Shares of the company closed at $28.66 Monday on Nasdaq.
For the alerts, click here. [ID:nASA00B2K] (Reporting by Deepti Govind in Bangalore; Editing by Maju Samuel)
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