Zagg Inc (ZAGG) Releases Earnings Results, Misses Expectations By $-0.15 EPS

Zagg Inc (ZAGG) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $0.12. The company posted revenue of $62.40 million in the period, compared to analysts expectations of $71.07 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Zagg Inc closed down -0.34 points or -4.33% at $7.51 with 4,22,401 shares getting traded on Friday. Post opening the session at $7.78, the shares hit an intraday low of $7.46 and an intraday high of $7.8801 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 3, 2015, Randall L Hales (President, CEO) sold 15,000 shares at $10.03 per share price.

Zagg Inc. (Zagg) designs produces and distributes product solutions. The Company offers screen protection keyboards for tablet computers and mobile devices keyboard cases earbuds mobile power solutions cables and cases under the ZAGG and InvisibleShield brands. In addition the Company designs produces and distributes earbuds headphones mobile power solutions Bluetooth speakers cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Company designs product solutions for users of mobile devices and sells these products to consumers through global distribution partners and online. The Company offers products for market segments of handheld electronic devices including smartphones tablets MP3 players notebook computers laptops gaming devices Global Positioning System (GPS) devices watch faces and similar devices and surfaces.

Zagg Inc

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