AP NEWS

Zagg: 4Q Earnings Snapshot

March 11, 2020 GMT

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.

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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