Key Developments: Skullcandy Inc (SKUL.OQ)

SKUL.OQ on NASDAQ Stock Exchange Global Select Market

5.60USD
1 Aug 2013
Price Change (% chg)

$0.08 (+1.45%)
Prev Close
$5.52
Open
$5.62
Day's High
$5.69
Day's Low
$5.57
Volume
87,282
Avg. Vol
86,997
52-wk High
$16.73
52-wk Low
$4.80

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Latest Key Developments (Source: Significant Developments)

Skullcandy Inc Announces Board Change
Tuesday, 18 Jun 2013 07:00am EDT 

Skullcandy Inc announced that it has commenced a search for a new Chief Financial Officer (CFO) following Kyle Wescoat's decision to resign in order to pursue opportunities closer to his home in Southern California. Mr. Wescoat will remain with the Company through approximately September 2013 while it searches for his successor.  Full Article

Skullcandy Inc Issues Q2 2013 Guidance; EPS Guidance Above Analysts' Estimates-Conference Call
Thursday, 2 May 2013 04:30pm EDT 

Skullcandy Inc announced that for the second quarter of 2013, it expects net sales to be down from last year, in the low- to mid-20% range and diluted loss per share to be approximately $0.03. The Company reported revenue of $72.44 million in second quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $58 million and EPS of $0.01 for the second quarter of 2013.  Full Article

Skullcandy Inc Names Hoby Darling President And Chief Executive Officer
Monday, 18 Mar 2013 04:03pm EDT 

Skullcandy Inc announced that its board of directors has appointed Hoby Darling as President and Chief Executive Officer effective immediately.  Full Article

Skullcandy Inc Issues Q1 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Thursday, 7 Mar 2013 09:30pm EST 

Skullcandy Inc announced that for first quarter of 2013, it expects sales to be down approximately 30% from first quarter last year. The Company reported revenue of $53.28 million in first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $37 million for first quarter of 2013.  Full Article

Skullcandy Inc Names Rick Alden Interim Chief Executive Officer
Thursday, 7 Feb 2013 04:37pm EST 

Skullcandy Inc announced that its Board of Directors has named Rick Alden, the Company's founder, former Chief Executive Officer and a current director, as Interim Chief Executive Officer. Jeremy Andrus has decided to step down from his positions as President and Chief Executive Officer and a Company director to join a private investment firm. He will serve as a consultant to the Company over the next 12 months. The Board is initiating a search for a permanent Chief Executive Officer.  Full Article

Skullcandy Inc Raises Low End Of Prior FY 2012 Revenue Guidance; Lowers FY 2012 EPS Guidance
Thursday, 1 Nov 2012 04:01pm EDT 

Skullcandy Inc announced that for fiscal 2012, it expects net sales to be $290-$300 million and adjusted fully diluted earnings per share to be $1.00-$1.04.  Full Article

Skullcandy Inc Names New Chief Financial Officer
Tuesday, 18 Sep 2012 07:00am EDT 

Skullcandy Inc announced the appointment of Kyle B. Wescoat as Senior Vice President and Chief Financial Officer, effective October 1, 2012.  Full Article

Skullcandy Inc Reaffirms FY 2012 Guidance
Thursday, 2 Aug 2012 04:01pm EDT 

Skullcandy Inc announced that for fiscal 2012, it is reiterating its outlook for net sales of $280-$300 million and adjusted diluted earnings per share (EPS) of $1.10-$1.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $296 million and EPS of $1.16 for fiscal 2012.  Full Article

Skullcandy Inc Reaffirms FY 2012 Guidance-Conference Call
Monday, 18 Jun 2012 07:30pm EDT 

Skullcandy Inc reaffirmed fiscal 2012 guidance and expects net sales in the range of $280 million to $300 million and adjusted diluted earnings per share (EPS) in the range of $1.10 to $1.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $297 million and EPS of $1.17 for fiscal 2012.  Full Article

Skullcandy Inc Raises FY 2012 Revenue Guidance; Reaffirms FY 2012 EPS Guidance
Wednesday, 2 May 2012 04:01pm EDT 

Skullcandy Inc announced that for fiscal 2012, it expects net sales in the range of $280 million to $300 million and adjusted diluted earnings per share (EPS) in the range of $1.10 to $1.20. The expected adjusted diluted earnings per share excludes $0.4 million of after-tax expenses related to the Monster litigation. The expected 2012 adjusted diluted earnings per share range assumes an effective tax rate of approximately 35% and diluted weighted average shares outstanding of approximately 28.7 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $288 million and EPS of $1.16 for fiscal 2012.  Full Article

Skullcandy forecasts 1st-quarter loss, shares slip

March 7 - Headphone maker Skullcandy Inc reported higher-than-expected fourth-quarter revenue but said it expects to post a loss in the current quarter due to higher expenses related to international expansion and the loss of a major customer.

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