Zebra Technologies (ZBRA) beat Wall Street’s consensus earnings estimate in its third quarter. The company’s CEO Anders Gustaffson said the company is getting a huge tailwind from last year’s Motorola Solutions acquisition. ‘We’ve had 8% growth for the combined business year-to-date on a constant currency basis, so we are very pleased with that,’ said Gustaffson. ‘We’ve won some nice, new large deals and our Android business is up 170% year-to-date. Finally, China, which was challenging last year has been growing 60% this year.’ On Tuesday Zebra reported third quarter Non-GAAP sales excluding the impact of purchase accounting of $919 million. Net sales were $916 million on a GAAP basis, compared to Wall Street’s estimate of $918 million. Non-GAAP net income was $72.4 million, or $1.39 per diluted share, compared with $41.6 million, or $0.81 per diluted share, for the third quarter of 2014. Wall Street’s consensus earnings estimate for Zebra’s third quarter was $1.23. Zebra expects adjusted net sales in the fourth quarter of 2015 to be within a range of $945 million to $975 million. This forecast reflects an expectation of year-over-year growth of 3.6% to 6.9% in constant currency. Non-GAAP earnings are expected in the range of $1.38 to $1.63 per share. Adjusted EBITDA are forecasted within a range of $155 million to $170 million. Wall Street’s analysts are forecasting the company to earn $1.42 per share on $968 million in revenue.
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