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ZAGG Q3 profit climbs YOY


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ZAGG Q3 profit climbs YOY

ZAGG said its normalized net income for the third quarter came to 25 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.

EPS rose year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.9 million, an increase from $3.4 million in the year-earlier period.

The normalized profit margin rose to 5.6% from 5.1% in the year-earlier period.

Total revenue climbed 86.7% year over year to $124.7 million from $66.8 million, and total operating expenses increased 84.5% on an annual basis to $112.9 million from $61.2 million.

Reported net income totaled a loss of $7.0 million, or a loss of 25 cents per share, compared to income of $3.8 million, or 13 cents per share, in the prior-year period.