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ZAGG Q1 profit climbs YOY

ZAGG said its first-quarter normalized net income was 12 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.

EPS rose year over year from 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.4 million, an increase from $1.2 million in the prior-year period.

The normalized profit margin rose to 6.0% from 2.5% in the year-earlier period.

Total revenue rose 16.8% year over year to $57.2 million from $49.0 million, and total operating expenses increased 10.0% year over year to $51.8 million from $47.1 million.

Reported net income grew from the prior-year period to $3.3 million, or 11 cents per share, from $925,920, or 3 cents per share.