Skullcandy Inc. (SKUL: Quote) reported fourth quarter non-GAAP adjusted net income of $0.47 per share after the bell Thursday, which was flat with the prior year result. The consensus estimate was for EPS of $0.48.
Skullcandy gapped open lower Friday and steadily declined until mid-morning. The stock was range-bound for the remainder of the day and closed down by 1.51 at $5.21 on the highest volume of the year. Skullcandy dropped below a 5-week range and set a new low for the year.
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by RTT Staff Writer
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