SKX - Skechers Stock Tumbles On Q4 Earnings: Digging Into The Details | Benzinga
Skechers U.S.A. Inc (NYSE:SKX) shares are tumbling in Thursday’s after-hours session on the heels of the company’s fourth-quarter results. Here’s a rundown of the report.
Q4 Earnings: Skechers said fourth-quarter revenue increased 4.4% year-over-year to $1.96 billion, which missed the consensus estimate of $2.03 billion, according to Benzinga Pro. The company reported quarterly earnings of 56 cents per share, which beat analyst estimates of 54 cents per share.
The 4.4% sales increase was driven by a 6.9% increase internationally and a 0.3% increase domestically. ...