Skullcandy, Inc. (SKUL) Tops Q2 EPS by 5c

Skullcandy, Inc. (NASDAQ: SKUL) reported Q2 EPS of $0.06, $0.05 better than the analyst estimate of $0.01. Revenue for the quarter came in at $53.9 million versus the consensus estimate of $53.91 million.

2014 Full Year and Third Quarter Financial Outlook

For the full year 2014, the Company still forecasts net sales to increase in the mid to high single digit percentage range over 2013 levels. However, the Company is providing guidance for GAAP operating income of $8.3 million to $9.7 million and increasing guidance for net income on a GAAP fully-diluted per share basis to a range of $0.22 to $0.26 per share.

For the third quarter of 2014, the Company currently forecasts net sales to increase between 7% to 9% over 2013 levels and net income on a GAAP fully-diluted per share basis of $0.02 to $0.05.

(Street sees Q3 $0.06 on revenue of $53.92 million. FY EPS is seen at $0.19 on revenue of 225.37 million).

For earnings history and earnings-related data on Skullcandy, Inc. (SKUL) click here.

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