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Zagg: 2Q Earnings Snapshot

MIDVALE, Utah (AP) _ Zagg Inc. (ZAGG) on Tuesday reported a second-quarter loss of $5.3 million, after reporting a profit in the same period a year earlier.

The Midvale, Utah-based company said it had a loss of 18 cents per share. Losses, adjusted for amortization costs and restructuring costs, came to 9 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 9 cents per share.

The mobile device accessory maker posted revenue of $106.8 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $105 million.

Zagg expects full-year earnings to be 75 cents to $1 per share, with revenue in the range of $520 million to $550 million.

Zagg shares have fallen 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.94, a drop of 53% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZAGG at https://www.zacks.com/ap/ZAGG