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ZAGG Slides 4.5% After Q1 Sales Top But Loss Per Share Wider; FY Seen In Line

10:22PM ET 5/07/2019 MT Newswires
ZAGG Inc (ZAGG) dropped 4.5% after the company said Q1 sales fell to $78.8 million from $112.1 million in the year-ago period but topped the CapIQ mean for $77.75 million.

It swung to a loss per share of $0.50 from a profit of $0.24 last year and missed expectations for a $0.30 loss.

Operating loss per share was $0.43, below estimates for a $0.31 loss.

FY sales are seen between $610 million and $630 million, in line with forecasts for $617.9 million. Operating EPS are seen between $1.47 to $1.60, in line to above estimates for $1.47.

Price: 7.50, Change: -0.35, Percent Change: -4.46