BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Skullcandy, Inc. (“Skullcandy” or the “Company”) (NASDAQ: SKUL) concerning the Company and its officers’ possible violations of federal securities laws. Injured investors are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights.
On January 11, 2016, Skullcandy issued a press release announcing the Company's financial outlook for the fourth quarter 2015. The disclosure stated in part that Skullcandy “now expects net sales to be approximately flat with 2014 levels” primarily due to “disappointing holiday results, combined with the impact on gross margin from product mix shift driven by a higher percentage of gaming headset sales during the holiday season”.
On this news, Skullcandy stock fell $1.29, more than 28%, to close at $3.26 per share on January 12, 2016.
If you purchased Skullcandy securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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