Zebra Technologies cuts FY23 outlook to reflect macro headwinds,…

Zebra Technologies Corp ZBRA reported a 1.9% year-over-year decline in net sales to $1.405 billion in the first quarter of FY23, beating the $1.4 trillion consensus. Consolidated organic net sales for the quarter declined 0.3%. Net revenue in the Enterprise Visibility & Mobility (EVM) segment fell 11.9% year over year to $914 million. […]

Magna cuts FY22 outlook to reflect lower vehicle production in…

Magna International Inc (NYSE: MGA) reported revenue growth of 17% year over year to $9.27 billion in the third quarter of fiscal 22, miss the consensus of $9.31 billion. Global production of light vehicles increased by 24%. Body Exteriors & Structures segment revenue increased 25% year over year, Power & Vision was up […]

Disney analyst cuts earnings estimates to reflect content sales…

Needham Analyst Laura Martin repeated a hold on Walt Disney Co DIS. For Q4 ’22, while maintaining the DIS revenue estimate at $21.2 billion (up 14% Y/Y), it cut the operating profit estimate by 29% to $1.9 billion. Guidance reflects Content Sales Licensing & Other OI guidance of $100 million below 4Q21 levels […]