Skechers stock soars after Q4 sales beat forecasts, brand warns of coronavirus impact
February 6, 2020
Shares for Skechers USA Inc. surged in after-hours trading on Thursday after the shoemaker posted fourth-quarter sales that blew past expectations. In its financial report for the period ended Dec. 31, Skechers logged revenues that rose 23.1% to $1.33 billion, compared with analysts’ predictions of $1.25 billion. Earnings per share were in line with forecasts, growing 25.8% to 39 cents, on profits of $59.5 million. Read more on Footwear News.