ZAGG (ZAGG $16.86 +2.13) reported second quarter earnings of $0.19 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus Estimate of $0.11.
Revenues rose 157.0% year over year to $38.8 million versus the $23.4 million consensus.
These results include nine days of iFrogz revenue of $2.4 million, having been acquired during the quarter on June 21, 2011.
Revenue by channel was 72% indirect and 22% from the ZAGG.com website. The company raised guidance for fiscal year 2011 to reflect an improved outlook for the sale of its products as a result of expanding distribution and increased product offerings, and the acquisition of iFrogs with fiscal year 2011 revenue to $160-170 million from $105-110 million, may not be comparable to $130.63 million Capital IQ Consensus Estimate and EBITDA guidance of $34-36 million.






