Zagg: 2Q Earnings Snapshot
Jul. 31, 2018
MIDVALE, Utah (AP) _ Zagg Inc. (ZAGG) on Tuesday reported second-quarter earnings of $3.2 million.
On a per-share basis, the Midvale, Utah-based company said it had net income of 11 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The mobile device accessory maker posted revenue of $118.6 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $116.4 million.
Zagg expects full-year earnings to be $1.30 to $1.50 per share, with revenue in the range of $550 million to $570 million.
Zagg shares have dropped 19 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.90, a rise of 76 percent in the last 12 months.