ZAGG Reports Third-Quarter Financials and Increases Annual Earnings Guidance

ZAGG Inc. (ZAGG) released its third-quarter financial reports on November 1. The company reported net income of $9.8 million in the third-quarter compared to a loss of $7.1 million during the same period last year. ZAGG increased guidance on annual net sales from between $470 and $500 million to between $500 and $520 million. They also increased EBITDA estimates from between $71 and $75 million to between $75 and $78 million. ZAGG is a global mobile lifestyle company.

 

Sonal detected the news event and sent an alert at 4:05 pm on November 1. The next trade took place at 4:08 pm during after-market trading hours for $16. The market opened for regular trading the next morning at $17.

The stock price continued to climb throughout the day on November 2. The stock closed at $18.85, which is a gain of almost 18% from the time of the alert the previous afternoon.

 

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