Zagg: 4Q Earnings Snapshot
MIDVALE, Utah (AP) _ Zagg Inc. (ZAGG) on Wednesday reported fourth-quarter net income of $25 million.
On a per-share basis, the Midvale, Utah-based company said it had profit of 85 cents. Earnings, adjusted for non-recurring costs, were 94 cents per share.
The mobile device accessory maker posted revenue of $189.9 million in the period.
For the year, the company reported profit of $13.9 million, or 48 cents per share. Revenue was reported as $521.9 million.
Zagg expects full-year earnings to be 50 cents per share.
Zagg shares have dropped 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.33, a decline of 49% in the last 12 months.