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The Motley Fool fool.com 02 Aug, 2022 22:15 am

Why Zebra Technologies Stock Fell 9.8% Today

Why Zebra Technologies Stock Fell 9.8% Today
The data management expert crushed analysts' targets in the second quarter, but set a less impressive target for its next report.

Adjusted earnings per diluted share rose from $4.Looking ahead to the third quarter, Zebra's management set its sights on year-over-year sales growth of approximately 3% with an adjusted earnings target range centered around $4.Zebra shares are now changing hands at 17 times forward earnings estimates, down from 36 times estimates at the start of the year.What happened Shares of Zebra Technologies (ZBRA -9.

79%) closed Tuesday's trading 9.The maker of barcode scanning tools and other information management systems posted strong second-quarter results before the market opened Tuesday.

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