Skechers USA Inc Reports Fall In Q2 Bottom Line

Skechers USA Inc (SKX) revealed earnings for second quarter that decreased from last year.

The company’s earnings came in at $45.3 million, or $0.29 per share. This compares with $59.5 million, or $0.38 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 9.7% to $1.13 billion from $1.03 billion last year.

Skechers USA Inc earnings at a glance:

-Earnings (Q2): $45.3 Mln. vs. $59.5 Mln. last year.
-EPS (Q2): $0.29 vs. $0.38 last year.
-Analysts Estimate: $0.41
-Revenue (Q2): $1.13 Bln vs. $1.03 Bln last year.

by RTTNews Staff Writer

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