UPDATE: Zebra Technologies Reports Better-Than-Expected Q3 Results, Issues Downbeat Q4 Revenue Forecast

Zebra Technologies Corp (NASDAQ: ZBRA) reported upbeat quarterly results and issued weak fourth quarter revenue forecast.

Zebra Technologies expects Q4 earnings of $0.57 to $0.64 per share from continuing operations on revenue of $242 to 255 million. However, analysts were expecting earnings of $0.60 per share on revenue of $256 million.

Zebra Technologies' third quarter net income from continuing operations climbed to $45 million, or $0.64 per share, from $26.1 million, or $0.48 per share, in the year-ago period. Its sales gained to $253.3 million from $229.8 million. However, analysts were expecting earnings of $0.60 per share on revenue of $252.4 million.

Zebra Technologies shares gained 0.61% to close at $36.53 yesterday.