UPDATE: Zebra Technologies Q4 Net Income Surges 24%

Zebra Technologies Corp

reported a 24% rise in its fourth-quarter net income. Zebra Technologies' quarterly earnings climbed to $35 million, or $0.67 per share, up from $28.2 million, or $0.50 per share, in the year-ago period. Its shares outstanding fell 7.7% to 52.4 million. Zebra Technologies' sales surged to $247.3 million from $234 million. However, analysts were expecting earnings of $0.62 per share on revenue of $251.4 million. Zebra Technologies projects Q1 earnings from continuing operations of $0.52 to $0.59 per share on sales of $237 million to $246 million. However, analysts were expecting earnings of $0.60 per share on revenue of $249.2 million. Zebra Technologies shares closed at $39.67 yesterday.