Zebra Technologies Corp. (NASDAQ: ZBRA
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) has just announced its unaudited Q3 results which have driven the stock price even higher. After the last trade, the share price jumped up by over 5% and settled down at the price of $38.60. In less than half a year, the stock price skyrocketed from $24 to $38 per share, about 60% up.
Are the predictions for the Q4 results going to keep ZBRA stock on the rise? According to the company, it expects net sales within a range of $240 million and $252 million for the next quarter.
Let's look at the Q3 results. According to the report, the earnings per share have increased to $0.46 from $0.19, if Q3 of 2010 and 2009 are compared. During this period net income doubled, while gross profit jumped from 92 million dollars in 2009 to 118 million dollars in 2010.
A little bit different situation is in the case of analyzing Zebra Technologies current assets and expenses. Although the assets and liabilities at the same time were lower in Q3 of 2009, both indicators increased in 2010 and show that the company has less money to cover its expenses. Current assets increased by about 20%, and liabilities jumped up from $93 million to $128 million, or 27%.
The overall performance of the company seems to be leading in the positive direction. The stock price is skyrocketing, although it is interesting to see how long the same situation will remain.