1 Big Winner and 3 Big Losers After Earnings are Digested
Skechers USA Inc. (NYSE:SKX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share decreased 63.64% to $0.08 in the quarter versus EPS of $-0.39 in the year-earlier quarter. Revenue rose 38.14% to $395.6 million from the year-earlier quarter.
Skechers USA Inc. reported adjusted EPS income of $0.08 per share. By that measure, the company beat the mean analyst estimate of $-0.11. It beat the average revenue estimate of $337.62 million.