Skullcandy Shares Halted As Fourth-quarter Outlook Cut

Skullcandy Inc. shares were halted in the extended session Monday just before the headphone maker cut its guidance for the fourth quarter. Skullcandy shares had been up 1.1% at $4.60 after hours before they were halted. Shares are expected to resume trading at 5 p.m. Eastern. 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.