Zebra Technologies more than doubled its first-quarter profits from 2009
Card printer manufacturer Zebra Technologies beat Wall Street estimates for this past quarter and more than doubled its first-quarter profits from a year ago.
Revenues from Zebra Technologies jumped 18 percent to $226.4 million, topping analyst expectations of roughly $223 million.
Most of the company’s revenue was from the sale of card printers, but the company also earned $25.4 million from its services and software products.
The company also showed a 17.6 percent jump in overall sales, and earned $24.7 million, up nearly $15 million compared with 2009.
"These activities give us optimism about Zebra’s future and our direction in building shareholder value," said Anders Gustafsson, Zebra’s CEO.
Responding to the increased sales, the company is predicting its increased revenue numbers will continue in the second quarter of this year, and the upper end of its second quarter outlook remains higher than analysts’ expectations.
RTT News says that the company saw its strongest growth in Latin America and the Asian Pacific markets, and the company has worked to expand its sales and marketing staff in those areas.
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