ZAGG Soars 15% on Strong Q4 Performance, FY Sales Guidance - Board Approves Share Repurchase
04:42 PM EST, 02/25/2014 (MT Newswires) -- Shares of ZAGG Inc. (ZAGG) are up 15.3% at $4.91 after-hours as the mobile device accessories maker reports better-than-expected Q4 results, FY revenues above analyst consensus, and a board-approved share repurchase.
ZAGG reports pro forma EPS of $0.23, compared to $0.37 in Q4 2012. Net sales for the quarter were $66.8 million, compared to $87.5 million reported a year ago. Analysts polled by Capital IQ were expecting EPS of $0.20 on revenues of $61.3 million.
For 2014, issued net sales guidance in a range of $218 million-$228 million vs. analyst consensus of $214 million.
ZAGG separately said its board has authorized a $10 million share repurchase. The company paid off the balance on the Line of Credit during Q1 2014, and will use cash from operations to fund the share repurchase in 2014.
Price: 4.91, Change: +0.65, Percent Change: +15.3
I also see that the Motley Fools are still hell bent on trashing out ZAGG. I think the do these articles on company's the day before earnings in an attempt to bring attention to their Fool #$%$ business!
Skrutt, I also thought of the Monrovia LOI that never became a signed contract. It's seems to be like "I'll believe it when it happens" with Abtech's announcements of future projects. I'm still going to hang in there and wait to see if it all comes together.
Stevie is pathetic,I've had the child on ignore for a long time.Not worth even seeing his senseless rants!
Roth conference on Mar11th.....
"We look forward to presenting at the Roth conference and update the investment community on our progress in targeted verticals: oil and gas, industrial wastewater and, in particular, stormwater. Following the announcement of the Nassau County $12 million award, we are achieving tangible headway with several other municipalities in the Northeast geographic region. The Nassau County award has given us a solid blueprint to accomplish similar awards within shorter sales cycles. Just in the last two weeks, we have received letters of intent from two municipalities in the Hurricane "Sandy" effected areas in the Northeast, and discussions continue with many other municipalities in and outside the "Sandy" effected region as well," commented Glenn Rink, CEO of Abtech Holdings, Inc.
Terrible contraction for future earnings estimates does not bode well for this turd. Looks like the cut and paste badlandsing Pumptard is in some kind of dreamworld !
NES is on its way to zero. Quickly. And it's never too late to sell a stock headed for bankruptcy. Management has proven to be untrustworthy and results are in free-fall with no substantive reason to believe that changes. Hope is a weak investment thesis, current holders have been warned.
I agree with Mako, this company is doomed,recycling the water is going to be the future,not trucking contaminated water and dumping it into Mother Earth when it will be cheaper and more environmentally friendly to recycle. Recycle and conserve the precious resource H2O ,don't just contaminate and dump it!
Everyone should put that piece-of-bullsht on ignore. He's a pathological liar with some strange agenda! LMAO!!!