UPDATE: Zagg Reports 42% Surge In Q2 Net Income, Raises Revenue Projections

Zagg Inc ZAGG reported a 42% rise in its second-quarter net income and raised its full-year revenue projections. Zagg reported its quarterly earnings at $2.7 million, or $0.10 per share, up from $1.9 million, or $0.08 per share, in the year-ago period. Excluding acquisition-related fees and other items, Zagg's earnings came in at $0.19 per share. Its revenue surged to $38.8 million from $15.1 million. However, analysts were expecting earnings of $0.12 per share on revenue of $25.7 million. Zagg now projects full-year revenue between $160 million to $170 million, up from its earlier view of $105 million to $110 million. Analysts expected revenue of $147.6 million. Zagg shares jumped 14.39% to $16.85 at 10:35 am.