NEW YORK (TheStreet) -- Skullcandy Inc. (SKUL) reported that its net income increased to $1.6 million, or 6 cents per diluted share for the 2014 second quarter, compared to a net loss of -$0.6 million, or -2 cents per diluted share for the year ago quarter.
The company, which designs, markets, and distributes performance audio and gaming headphones, said net sales for the latest quarter were up by 6% to $53.9 million, from $50.8 million for the 2013 second quarter.
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Shares of Skullcandy are flat in after-hours trading today.
TheStreet Ratings team rates SKULLCANDY INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
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