Zebra Technologies (NASDAQ: ZBRA) reported Q4 EPS of $1.93, $0.20 better than the analyst estimate of $1.73. Revenue for the quarter came in at $944 million versus the consensus estimate of $931.17 million.

"We delivered solid fourth-quarter and full-year results, driven largely by strong demand for our innovative solutions. We returned to organic sales growth, expanded gross margin and reduced operating expenses, resulting in a significant improvement in profitability. We also continued to realize working capital efficiencies and divested the non-core wireless LAN business, enabling Zebra to exceed our debt reduction goals," said Anders Gustafsson, chief executive officer of Zebra Technologies. "I'm proud of our teams for a strong finish to the year and success in extending Zebra\'s leadership in the markets we serve. Zebra is well positioned to continue to deliver visibility solutions for the smarter enterprise and drive shareholder value."

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