ZAGG Reports Third Quarter 2019 Results
ZAGG (ZAGG)
Last zagg earnings: 11/6 04:05 pm
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US:NASDAQ Investor Relations:
investors.zagg.com
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Source: GlobeNewswire
SALT LAKE CITY, Nov. 06, 2019 (GLOBE NEWSWIRE) -- ZAGG Inc (Nasdaq: ZAGG), a leading global mobile lifestyle company, today announced financial results for the third quarter ended September 30, 2019. Third Quarter 2019 Review (Comparisons versus Third Quarter 2018) Net sales of $146.5 million, an increase of 4% compared to $141.1 millionGross profit of 37% compared to 37%Net income of $8.7 million compared to $14.6 millionDiluted earnings per share of $0.30 compared to of $0.51Adjusted EBITDA of $20.8 million compared to $23.8 million Year-to-Date 2019 Review (Comparisons versus Year-to-Date 2018) Net sales of $332.0 million compared to $371.7 millionGross profit of 35% compared to 34%Net loss of $11.1 million compared to net income of $24.9 millionDiluted loss per share of $0.38 compared to diluted earnings per share of $0.87Adjusted EBITDA of $14.2 million compared to $48.3 million Chris Ahern, chief executive officer, commented, “While the first half of 2019 was challenging,
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