Why Did Zebra Technologies' Stock Drop Despite Beating Expectations?

Zebra Technologies reported third-quarter adjusted earnings of $3.88 per share on $1.32 billion in revenue, exceeding analyst expectations. The company projected fourth-quarter adjusted earnings of $4.30 per share and $1.46 billion in revenue, above Wall Street forecasts. Zebra spent $284 million on share repurchases year-to-date and plans an additional $500 million in buybacks through the third quarter of 2026. Despite these results, Zebra's stock dropped nearly 12 percent, closing at $274.31 and falling below key moving averages. Zebra provides enterprise hardware and software for industries including retail, healthcare, manufacturing, and transportation.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.