Zagg: 4Q Earnings Snapshot

MIDVALE, Utah (AP) _ Zagg Inc. (ZAGG) on Tuesday reported fourth-quarter net income of $14.3 million.

On a per-share basis, the Midvale, Utah-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring costs, were 55 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The mobile device accessory maker posted revenue of $166.5 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $163.3 million.

For the year, the company reported profit of $39.2 million, or $1.38 per share. Revenue was reported as $538.2 million.

Zagg shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.83, a drop of 15 percent in the last 12 months.

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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