Zagg Inc.(ZAGG) posted first-quarter net income of $0.9 million or $0.03 per share, compared to $5.1 million or $0.16 per share in the comparable quarter last year.
Pro forma net income for the latest first quarter was $3.6 million or $0.11 per share, down from $8.1 million or $0.26 per share in the prior year quarter.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the first quarter of 2013 decreased 7% to $51.47 million from $55.48 million in the same quarter last year, while six analysts had a consensus revenue estimate of $66.57 million for the quarter.
For fiscal 2013, the company lowered its revenues to a range of $274 million - $280 million from the previous range of $313 million - $318 million. Analysts currently expect fiscal 2013 revenues of $315.79 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.