Aug 1 (Reuters) - Barcode scanner maker Zebra Technologies (ZBRA.O) forecast third-quarter adjusted profit widely below market estimates on Tuesday as economic uncertainty hit corporate tech spending.
The company, whose customers include the U.S.
Postal Service and Walgreens Boots Alliance (WBA.O), expects quarterly adjusted profit between 60 cents and $1 per share, compared with estimates of $3.77 per share, according to Refnitiv.
Its operating expenses decreased to $344 million in the second quarter ended June 30, from $370 million a year earlier.
Adjusted profit for the reported quarter came in at $3.29 per share, compared with estimates of $3.28.
Persons:
Tanya Jain, Shailesh
Organizations:
Zebra Technologies, U.S . Postal Service, Walgreens Boots Alliance, Revenue, Thomson
Locations:
Refnitiv, Bengaluru