Shares of Skullcandy were down as much as 11 percent in after-hours trading after announcing that their next quarter will result in a loss of 25 to 30 cents a share, according to a story on MarketWatch.com.
“We have not kept up with all the changing [headphone] trends nor have we led with our own innovations,” said Interim Chief Executive and Skullcandy founder Rick Alden. “We have remarkable resources to get this done. We now need to refocus these resources to get back to building remarkable products.”
The company reported a profit of $11.5 million on sales of $101 million, but it’s always the next quarter that the Street worries about.
[Link: MarketWatch]
