Zagg Inc (NDA) (NASDAQ:ZAGG) Stocks Plummets 17.50% after Earnings

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Zagg Inc(NDA) (NASDAQ:ZAGG) plunged 17.50% to $4.62 in the opening sessions after it posted third-quarter net income of $908 compared with $889 thousand in the year-ago period. On a per share basis, earnings were $0.04 compared with $0.05 in the same quarter last year.

Net sales for the quarter increased to $9.7 million from $6.9 million in the year-ago period.

For nine months, net income increased to $3.1 million or $0.14 per share from $950 thousand or $0.05 per share in the previous year period. Net sales for nine months increased to $26.9 million from $12.5 million in the same period last year.

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