Skullcandy (SKUL) Tops Q3 EPS by 3c, Offers Guidance

Skullcandy (NASDAQ: SKUL) reported Q3 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $58.1 million versus the consensus estimate of $54.1 million.

2014 Fourth Quarter and Full Year Financial Outlook

For the fourth quarter of 2014, the Company currently forecasts net sales to increase at a growth rate of 12-14% over 2013 levels and net income on a GAAP fully-diluted per share basis of $0.23 to $0.25.

For the full year 2014, the Company forecasts net sales to increase 10-12% over 2013 levels. The Company is providing guidance for GAAP operating income in a range of $9.6 - $10.2 million and providing guidance for net income on a GAAP fully-diluted per share basis to a range of $0.24 to $0.26 per share.

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

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