Zagg issues Q3 warning

|By:, SA News Editor

ZAGG expects to report Q3 revenue of $50M, below a consensus of $54M. Gross margin is expected to be above 44%, up from Q2's 42.1% and perhaps down from 44.5% a year earlier. Adjusted EBITDA is expected to total $10M+ vs. $10.5M in Q2 and $12M a year ago. (PR)

Full Q3 results arrive on Nov. 5. A decent amount of bad news has already been priced in.