NEW YORK (TheStreet) -- Shares of Zebra Technologies Corp. (ZBRA) are up 10.21% to $75.25 in pre-market trade after the manufacturer and seller of specialty printing devices this morning said it expects to report sales for the first quarter of 2014 in the range of $287,000,000 to $289,000,000, or 21% over the $236,937,000 in sales reported for the first quarter of 2013.
Earnings are expected in a range of $0.79 to $0.82 per share, up about 74% from $0.46 per share for the first quarter of 2013.
Earnings for the first quarter of 2014 are expected in a range of $0.88 to $0.91 per share, excluding $0.09 per share of approximately $5 million in acquisition expenses.
Zebra is scheduled to report its 2014 first quarter financial results and host a conference call on May 6.
TheStreet Ratings team rates ZEBRA TECHNOLOGIES CP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ZEBRA TECHNOLOGIES CP (ZBRA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."