Skullcandy (SKUL) rises 7.9% after reporting Q3 revenue of $60.6M (+58% Y/Y) and EPS of $0.17,...

|About: Skullcandy (SKUL)|By:, SA News Editor

Skullcandy (SKUL) rises 7.9% after reporting Q3 revenue of $60.6M (+58% Y/Y) and EPS of $0.17, beating consensus by $10M and $0.03. The headphone maker now expects 2011 revenue of $231M and EPS of $0.93, above a consensus of $217.3M and $0.90. Jefferies is reiterating a Buy, touting Skullcandy's brand, market positioning, and holiday momentum.