Skechers USA Inc Announces Rise In Q3 Profit, but misses estimates

Skechers USA Inc (SKX) revealed a profit for its third quarter that rose from the same period last year.

The company's bottom line came in at $103.1 million, or $0.66 per share. This compares with $64.3 million, or $0.41 per share, in last year's third quarter.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.2% to $1.55 billion from $1.30 billion last year.

Skechers USA Inc earnings at a glance:

-Earnings (Q3): $103.1 Mln. vs. $64.3 Mln. last year.
-EPS (Q3): $0.66 vs. $0.41 last year.
-Analysts Estimate: $0.73
-Revenue (Q3): $1.55 Bln vs. $1.30 Bln last year.

Next quarter EPS guidance: $0.28-$0.33
Next quarter revenue guidance: $1.51-$1.56 Bln
Full year EPS guidance: $2.45-$2.50
Full year revenue guidance: $6.15-$6.20 Bln

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