India, Aug. 5 -- Zebra Technologies Corporation (ZBRA), a mobile computing company, Tuesday reported a slight decrease in its second-quarter profit, despite growth in revenue. Profit as well as revenue beat the Street view. The company also raised its annual outlook. Following the news, the company's shares were more than 6% up in pre-market.
Separately, Zebra announced its decision to acquire Elo Touch Solutions, Inc. for about $1.3 billion.
"An increased focus on self-service and consumer-facing workflows will expand our addressable market by approximately $8 billion and create a leading portfolio of solutions that digitize and automate the frontline of business. We look forward to welcoming the Elo team to Zebra and pursuing new growth...