Zebra Technologies (NASDAQ: ZBRA) reported Q3 EPS of $2.88, $0.28 better than the analyst estimate of $2.60. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.06 billion.

“Our exceptional third quarter results were driven by broad-based demand for our solutions and disciplined operational execution. We delivered sales, EBITDA margin, and earnings per share that exceeded our outlook. Strong cash flow funded our strategic acquisition of Xplore Technologies as well as the reduction of our net debt leverage ratio to 2.2x,” said Anders Gustafsson, chief executive officer of Zebra Technologies. “Our leading portfolio of solutions, investments in our employees and innovation, and strong order backlog provide us confidence for a strong finish to the year and solid momentum into 2019. We remain focused on providing innovative solutions that transform workflows, enabling every worker and asset on the edge of business operations to be connected and optimally utilized.”

GUIDANCE:

Zebra Technologies sees FY2018 EPS of $2.80-$3.00, versus the consensus of $2.73.

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