Skullcandy (SKUL) Reports In-Line Q3 EPS
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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 ESTRoth 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 ESTJefferies 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
