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Zagg reports 4Q loss

MIDVALE, Utah (AP) _ Zagg Inc. (ZAGG) on Tuesday reported a fourth-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Midvale, Utah-based company said it had a loss of 15 cents. Losses, adjusted for one-time gains and costs, were 8 cents per share.

The mobile device accessory maker posted revenue of $114.9 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $122.3 million.

For the year, the company reported a loss of $15.6 million, or 56 cents per share, swinging to a loss in the period. Revenue was reported as $401.9 million.

Zagg expects full-year revenue in the range of $470 million to $500 million.

Zagg shares have dropped 15 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6, a drop of 43 percent 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


Keywords: Zagg, Earnings Report