Key Developments: Skullcandy Inc (SKUL.O)
5.49USD
17 May 2013
$0.31 (+5.98%)
$5.18
$5.29
$5.54
$5.25
611,727
671,635
$16.75
$4.80
Latest Key Developments (Source: Significant Developments)
Skullcandy Inc Issues Q2 2013 Guidance; EPS Guidance Above Analysts' Estimates-Conference Call
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
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
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
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
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
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
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
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
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 Inc Announces Resignation Of Mitch Edwards, Chief Financial Officer
Skullcandy Inc announced that Mitch Edwards, Chief Financial Officer (CFO) and General Counsel, has advised the Company of his decision to resign to pursue other opportunities, including charitable and humanitarian activities. To facilitate an orderly transition, Mr. Edwards has agreed to continue in his role as Chief Financial Officer and General Counsel until April 1, 2012 and has indicated his willingness to remain available to consult with the Company on an as-needed basis during the Company's search for a new Chief Financial Officer. 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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