Skullcandy was in hot demand Friday after trumping analyst estimates in its fourth quarter. The headphones maker reported profits of 13 cents a share, compared to expectations for 9 cents a share. Revenue of more than $72 million also came in above forecasts. Recently the company has been rebranding as a product of prestige, cutting sales to discount retailers, policing online sales prices and restricting inventory to prevent oversupply. For the current quarter, sales are expected to climb 5-7%.

If you liked this article you might like

Fishing for Acquisition Candidates in a Shallow Deep-Value Pond

Is Kulicke & Soffa a Buyout Candidate?

Mill Road Capital Victorious in Skullcandy Bidding War

Is Uber Only Worth $28 Billion, Not $62.5 Billion? -- Tech Roundup

Insider Trading Alert - KSU, SKUL And UTEK Traded By Insiders