Zebra Technologies Shares Fall 9% Following Higher Memory-Cost Outlook
Zebra Technologies (ZBRA) shares dropped nearly 9% on Tuesday, closing at $329.50 after a significant intraday decline. Despite the stock price drop, the company's third-quarter financial results actually exceeded consensus estimates for both revenue and earnings per share. The downward pressure on the stock was driven by management's guidance regarding rising memory costs. The company flagged these unexpected cost headwinds as a primary concern for future margins, overshadowing the positive quarterly performance beat.
Tickers: $ZBRA
Topics: earnings beat memory-cost headwinds quarterly results stock price decline