Skullcandy Inc (SKUL) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Skullcandy Inc (SKUL) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $-0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.04. The company posted revenue of $57.28 million in the period, compared to analysts expectations of $56.72 million. The company’s revenue was down -.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Skullcandy Inc closed down -0.04 points or -0.64% at $6.2 with 1,48,315 shares getting traded on Monday. Post opening the session at $6.24, the shares hit an intraday low of $6.185 and an intraday high of $6.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jul 13, 2016, Rick Alden (director) sold 25,000 shares at $6.11 per share price. According to the SEC, on Nov 12, 2015, S Hoby Darling (CEO) purchased 5,000 shares at $4.34 per share price. On Nov 12, 2015, Patrick D Grosso (CHIEF LEGAL OFFICER) purchased 3,230 shares at $4.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Skullcandy Inc. is a designer marketer and distributer of audio and gaming headphones earbuds speakers and other accessories under the Skullcandy Astro Gaming and 2XL brands. The Company’s products are sold and distributed through a variety of channels in the United States and approximately 80 countries across the world. The Company offers an array of styles and price points and includes audio products and categories such as gaming and sports performance women’s and Wireless offerings as well as partnerships with manufacturers to license its brand. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. International segment includes Skullcandy product sales to customers in Europe Asia Canada and Mexico which are served through the Company’s joint venture and other geographic areas outside the United States served by its International operations.

Skullcandy Inc

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