Zebra Technologies advances on annual forecast hike, $1.3 billion Elo deal

Zebra Technologies shares ZBRA.O jump 7% to $365 premarket

Raises FY adjusted EPS forecast to $15.25-15.75 from $13.75-14.75

Lifts annual sales growth outlook to 5%-7% from 3%-7%; Q2 sales, profit beat estimates - data compiled by LSEG

To buy Elo Touch for $1.3 bln cash, expects $25 mln annual EBITDA contribution

Has cut China exposure to 30% from 85% over past decade; expects $30 mln gross profit hit vs $70 mln prior

18 analysts' avg rating "buy"; median PT $358 - data compiled by LSEG

Stock down 11% YTD till last close