ZAGG Reports Third Quarter 2019 Results

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ZAGG, Inc. (ZAGG) Misses Q3 EPS by 1c, Revenues Beat; Offers FY19 EPS/Revenue GUidance

November 6, 2019 4:09 PM EST

ZAGG, Inc. (NASDAQ: ZAGG) reported Q3 EPS of $0.30, $0.01 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $146.5 million versus the consensus estimate of $142.06 million.

GUIDANCE:

ZAGG, Inc. sees FY2019 EPS of $0.75-$1.00, versus the consensus of $0.67. ZAGG, Inc. sees FY2019 revenue of $520-550 million, versus the consensus of $534.65 million.

Third Quarter 2019 Review (Comparisons versus Third Quarter 2018)

Net sales of $146.5 million, an increase of 4% compared to $141.1 millionGross profit of 37% compared to 37%Net income of $8.7 million compared to $14.6... More