Zebra Technologies (ZBRA) stock plummeted 5.43% in Tuesday's trading session, despite the company reporting better-than-expected second-quarter results and announcing a significant acquisition. The sharp decline comes as a surprise to many investors, given the seemingly positive news surrounding the company.

Earlier in the day, Zebra Technologies reported Q2 adjusted earnings per share of $3.61, surpassing analysts' expectations of $3.32. The company's net sales for the quarter reached $1.293 billion, slightly above the estimated $1.287 billion. In light of these strong results, Zebra raised its full-year 2025 outlook, now projecting sales growth of 5-7% and adjusted earnings per share between $15.25 and $15.75.

Simultaneously, Zebra announced its plans to acquire Elo Touch Solutions, a provider of interactive touchscreen solutions, for $1.3 billion in cash. The company stated that this acquisition is expected to be immediately accretive to earnings and generate $25 million in annual EBITDA through synergies. Despite these seemingly positive developments, investors appeared to react negatively, possibly due to concerns about the acquisition's impact on Zebra's balance sheet or potential integration challenges.

The stark contrast between the positive news and the stock's performance suggests that investors may be worried about other factors not immediately apparent in the earnings report or acquisition announcement. It's possible that the market is reacting to broader economic concerns, competitive pressures, or specific details within the financial reports that warrant closer scrutiny. As the dust settles, analysts and investors will likely be looking for more information to explain this unexpected market reaction to Zebra Technologies' announcements.