Skullcandy Reports Third Quarter 16% Net Sales Growth

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Skullcandy's (SKUL) Higher-Than-Expected Gross Margin Offset Low Revenue; Roth Capital Reiterates Buy

November 6, 2015 8:37 AM EST

Roth Capital maintained a Buy rating on Skullcandy (NASDAQ: SKUL), and cut the price target to $10.00 (from $12.00), following the company's 3Q earnings report. EPS of $0.08 met consensus, as higher-than-expected gross margin offset slightly lower revenue. Revenue grew 16% YOY to $67.2M, slightly below consensus of... More

Jefferies Downgrades Skullcandy (SKUL) to Hold

November 6, 2015 7:20 AM EST

Jefferies downgraded Skullcandy (NASDAQ: SKUL) from Buy to Hold with a price target of $5.00 (from $17.00) on reduced visibility following Q3 results.

Analyst Randal Konik commented, "We are lowering our rating on SKUL to Hold, as the company issued a weak 4Q... More

Skullcandy (SKUL) Reports In-Line Q3 EPS

November 5, 2015 4:05 PM EST

Skullcandy (NASDAQ: SKUL) reported Q3 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $67.2 million versus the consensus estimate of $68.55 million.

Skullcandy sees FY2015 EPS of $0.37-$0.39, versus the consensus of $0.41.

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

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