UPDATE1-Zagg sees Q3 rev above Street; sees robust year

* Sees Q3 rev above $22 mln vs est. $14.6 mln

* Sees 2010 rev growth of 70 percent

* Shares up 28 percent in extended trade

Oct 13 (BestGrowthStock) – Mobile accessories maker Zagg Inc
(ZAGG.O: ) expects quarterly revenue to beat estimates and sees a
robust full year, helped by stronger demand for its
invisibleSHIELd, protective cover for mobiles devices.

“Preliminary results for the quarter have exceeded our
expectations due to the timing of distribution agreements and
new mobile devices sales surpassing industry expectations,”
Chief Executive Robert Pedersen II said in a statement.

For the third quarter, the company expects revenue to
exceed $22 million.

Analysts on average expect revenue of $14.6 million,
according to Thomson Reuters I/B/E/S.

For the full-year, the company sees revenue growing 70
percent from its 2009 revenue of $38.4 million. It had earlier
expected revenue growth of 30 percent.

Shares of the company are trading 28 percent up at $6.56 in
extended trade. They have gained more than thrice its value
since touching a year-low of $1.9 on May 20, and closed at
$5.12 Wednesday on Nasdaq. (Reporting by Vaishnavi Bala in
Bangalore; Editing by Don Sebastian)

UPDATE1-Zagg sees Q3 rev above Street; sees robust year