May 4, 2010 / 9:56 AM / 8 years ago

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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