Zebra Technologies Q2 GAAP Profit Down - Quick Facts

(RTTNews) - Zebra Technologies Corp.'s (ZBRA) second-quarter 2014 GAAP net income slid to $27.56 million, or $0.54 a share, from $30.57 million, or $0.60 a share, last year. Earnings of $0.54 a share for the 2014 second quarter include $20.36 million in acquisition expenses related to the pending acquisition of the Enterprise business of Motorola Solutions, the company said.

On a non-GAAP basis, net income for the recent quarter amounted to $43.265 million, or $0.84 a share.

Year-over-year, quarterly net sales improved by 13.9% to $288.42 million, from $253.16 million, resulting from sales growth across all product categories, with notable increases in supplies, services, and tabletop, desktop and mobile printers.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.82 per share and revenues of $285.64 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter of 2014, Zebra sees net sales within a range of $285 million - $295 million, and non-GAAP earnings per share of $0.81 - $0.91, that excludes certain expenses including those associated with the acquisition of Motorola's Enterprise business, and assuming an income tax rate of 20.0%. Analysts currently project third-quarter earnings of $0.88 per share and revenues of $291.32 million.