Zagg: 3Q Earnings Snapshot
MIDVALE, Utah (AP) _ Zagg Inc. (ZAGG) on Tuesday reported third-quarter net income of $14.6 million.
On a per-share basis, the Midvale, Utah-based company said it had net income of 51 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The mobile device accessory maker posted revenue of $141.1 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $148.1 million.
Zagg expects full-year earnings to be $1.30 to $1.40 per share.
Zagg shares have decreased 34 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.25, a decline of 35 percent in the last 12 months.