Zebra sees Q3 Latin America sales soar 16.4%

- Tuesday, November 8, 2011

Zebra sees Q3 Latin America sales soar 16.4%

US specialized printing equipment and RFID solutions supplier Zebra Technologies (Nasdaq: ZBRA) saw Latin American revenues increase 16.4% during 3Q11 to reach US$24.0mn, from US$20.6mn in the year-ago quarter, the company said in a statement.

The region accounted for 9.5% of the company's global sales for the quarter, compared to 9.0% in the same quarter in 2010.

Global revenues during the quarter hit US$253mn, up 10% on US$230mn a year ago.

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The company's net profits rocketed 72% to US$45mn, compared to US$26mn in 3Q10.

During the third quarter, the company completed the sale of software developer proveo AG, which generated a US$10.8mn net gain.

For the fourth quarter, the company expects net revenues of between US$242mn and US$255mn.

Zebra's products include on-demand printers and software and hardware solutions utilizing automatic identification technologies.

For the full financial statement, follow this link