Skullcandy (SKUL) Tops Q2 EPS by 1c

Skullcandy (NASDAQ: SKUL) reported Q2 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $58 million versus the consensus estimate of $58.51 million.

Skullcandy sees FY2015 EPS of $0.41-$0.43, versus prior guidance of $0.36-$0.40.

Skullcandy sees Q3 2015 EPS of $0.07-$0.08.

"Everything we do at Skullcandy and Astro puts the consumer at the center. We strive to inspire people to live life at full volume through our innovations, products, and brand storytelling," said Hoby Darling, President and Chief Executive Officer. "Through this dedication to our consumer, Skullcandy once again was the number one headphone choice in units for the second quarter and year to date. Astro also outpaced its competition in the gaming market growing nearly three times faster than the industry during Q2. Our product quality and innovation engine continues to strengthen as evidenced by the accolades and Editor's Choice awards the Grind and Strum, two recent product introductions, received from leading audio publications while Astro continues to design the best high end gaming headphones in the world. We continue to make smart investments in innovation and demand creation, with double digit year over year increases in spend, while maintaining tight control over non-revenue driving expenses. Looking ahead, we are well positioned to add more fuel to our revenue engine as we see accelerating growth and new shelf space during the upcoming holiday season to kickoff next year with great brand and product momentum."

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

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