Replies to post #45102 on !! Big Boards scans, charts and news !!

[dDT]

Zagg +17.3% AH on 2014 guidance hike

Citing stronger-than-expected iPhone/iPad accessory sales, ZAGG now expects 2014 revenue of $250M-$255M, above a $232.5M consensus. The outlook implies Q4 revenue of $91.8M-$96.8M, far above a $73.3M consensus.
In addition, thanks to a mix shift towards high-margin screen protector sales, gross margin is now expected to be in the low-30s, better than prior guidance for the high-20s. Adjusted EBITDA guidance has been hiked to $30M-$32M from $15M-$20.
Shares have recovered a big chunk of the losses they saw on Nov. 5 thanks to Zagg's Q3 EPS miss and soft gross margin/EBITDA guidance.