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Article: Zebra's results miss mark.

Article from:
Chicago Tribune (Chicago, IL)
Article date:
July 28, 2005
Copyright

Byline: Mike Hughlett

Jul. 28--Zebra Technologies Corp. on Wednesday missed Wall Street earnings forecasts for the second consecutive quarter, delivering a grim combination of falling profits and lower than expected sales.

In reaction, Zebra's shares tumbled $7.96, or 16.8 percent, to close at a 20-month low of $39.43.

Vernon Hills-based Zebra, a maker of bar-code printers, said the revenue slump stemmed largely from weaker sales to North American retailers and a general softness in demand in Europe.

Zebra posted fiscal second-quarter net income of $26.8 million, or 37 cents per share, down from $29.4 million, or 41 cents a share, a ...

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