Skullcandy Inc. shares dropped in the extended session Monday after the headphone maker cut its guidance for the fourth quarter. Skullcandy shares, which had been halted at $4.60 before the announcement, fell 18% to $3.75 after hours. Skullcandy said it expects fourth-quarter earnings of 20 cents to 22 cents a share, down from its previous forecast of 38 cents to 40 cents a share, because of disappointing holiday sales and a shift in gross margins. Analysts surveyed by FactSet had estimated earnings of 37 cents a share.
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