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Smartphone Accessory Maker Zagg Reports Record Q2

Zagg crushed earnings estimates by $0.14, with EPS at $0.11, while revenue was up a remarkable 49 percent year-over-year at $99.8 million. Gross profit was 30.9 percent.

Zagg was considered an ancillary play to capitalize on the Pokemon GO craze, with demand for battery packs and protection for smartphones increased as gamers walked all over town. Zagg purchased top rated battery case maker Mophie in February for $100 million. The stock has traded up over 30% in the last month alone.

"We are very pleased with our results for the second quarter. The overall business is performing well, with the ZAGG business ahead of expectations and improved momentum in the mophie business," said Randy Hales, CEO of Zagg.

Shares traded at $7.10, up 12 percent after hours.

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