Image source: Zebra Technologies.

What: Asset intelligence product and service provider Zebra Technologies (NASDAQ:ZBRA) stock fell as much as 16.3% on Thursday following the release of the company's fourth-quarter results, and shares are down about 15% at the time of this writing.

So what: The stock's sell-off on Thursday is likely at least partially a result of the company's worse-than-expected revenue for the quarter, along with its weaker-than-expected outlook for the current quarter.

On average, analysts were expecting Zebra to report revenue and non-GAAP EPS of $960 million and $1.47, respectively. Instead, the company reported revenue and non-GAAP EPS of $953 million and $1.51. EPS, therefore, came in slightly higher than anticipated but revenue was worse than the average analyst estimate.

Looking ahead, the company said it expects first quarter non-GAAP EPS to be in the range of $1.19 to $1.34. On average, analysts were expecting first-quarter EPS of $1.37 -- above Zebra's guidance range.

Now what: Going forward, Zebra CEO Anders Gustafsson said the company currently has a "healthy pipeline of activity" and expects "to gain momentum through the remainder of the year, enabling us to meet our growth goals for 2016 and longer-term."

Daniel Sparks has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.